Taxes - Property Tax

Missouri law sets the assessment ratio for personal property at one-third of true value throughout the state. Real properties (land and buildings) classified as commercial and industrial, are assessed at 32%; residential, 19%;and agricultural, 12% of true or fair market value. The local property tax rate is an aggregate of school, city, county, and state levies expressed in tax per $100 assessed valuation. Commercial and industrial real property is assessed an additional county surcharge designed to replace revenues lost by the tax exemption of business inventories. The average county surcharge is about $1.02 per $100 assessed valuation, for a total commercial/industrial real property average tax rate of about $6.89 per $100. The average total personal property tax rate is about $5.87 per $100 valuation.

The following is a breakdown of the 2004 tax rate for the city of Wentzville and St. Charles county:

County:

State .03 County .004 Road/Bridge .225 School 4.5669 College .2318 Library .2221 Fire .5017 Ambulance .1535 Handicap .1422 Dispatch and Alarm .0444 Subtotal 6.1216 / $100.00 Assessed Valuation

City:

General .9425 Park .0848 Subtotal 1.0273/ $100.00 Assessed Valuation TOTAL $7.1489 / $100.00 Assessed Valuation

*Surtax - Real estate on commercial property - $.53 per $100.00

Assessment:
Residential - 19% of Appraised Value
Commercial - 32% of Appraised Value
Agricultural - 12% of Appraised Value
Personal Property - 33 1/3% of True Value