Home Property St. Charles County taxpayers to save millions
Property

St. Charles County taxpayers to save millions

Share


ST. CHARLES COUNTY, Mo.—Residents in St. Charles County will collectively save $4 million after the county council voted to zero-out the county’s portion of personal property tax bills.

The county is voluntarily forfeiting $3.4 million of revenue for the Road and Bridge fund, and $660,000 for the Dispatch and Alarm fund.

“People pay too much personal property tax, and we understand that,” stated St. Charles County Executive Steve Ehlmann. “We just want taxpayers to understand that while the county collector collects it, county government has been getting only about 3% of the money—and the council is now reducing that down to zero. Most personal property tax money goes to school districts and fire districts, which county government has no control over and we merely pass through to those jurisdictions.”

Property taxes for the general fund, which supports financial needs of day-to-day operation, has been zeroed out concurrently since 2015. The county initially froze personal property tax revenue in 2022 but now has eliminated it.

“We’ve been doing this for years, rolling back taxes voluntarily,” Ehlmann said. “Since 2007, the tax rollbacks we’ve done have saved taxpayers $40 million.”

 



Source link

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Don't Miss

Bitcoin Cash price prediction: downside risks loom as BCH dips to $300

Bitcoin Cash (BCH) slipped under $300 on Friday, retreating 7% over the past 24 hours and flirting with a multi-month low as risk...

Twenty-One Weighs Mergers With Strike, Elektron to Create Publicly Traded Bitcoin Giant

Tether Investments, the investment arm of stablecoin giant Tether, announced Wednesday proposals for a triple merger combining Twenty-One Capital, Strike, and Elektron Energy...

Related Articles

Your browser is not supported

Your browser is not supported | cincinnati.comcincinnati.com wants to ensure the best...

Water transfers ensure North Okanagan farmers can grow food

“We did announce on social media that we were going to experience...

S2 Capital Sells Plano Apartments Flagged For Foreclosure

Scott Everett’s embattled S2 Capital avoided giving up control of a Plano...

Serviced office company loses inheritance tax relief despite extensive services

At first glance, the business considered by the Upper Tribunal in The...