County taxing districts are raising taxes without a vote

While our property values are dropping due to our national financial problems (see article below) our county taxing autorities are countering by increasing their tax rates. School districts, municipalities, fire districts are raising taxes.

There are two components to your property tax. One is the assessed value of your home and the other is the tax rate per $100 valuation of your home. Last year the tax rate was $6.9808 per $100 valuation of your property. To calculate your tax, take your assessed value, divide by 100 and multiply by the tax rate. If your assessed value was $45,370, you would calculate $45,370/100= 453.7 X 6.9809 = $3,167.20 tax. Those tax rates are now increasing.

See Post-Dispatch artice for more information