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Path: utzoo!watmath!clyde!burl!ulysses!allegra!mit-eddie!think!harvard!seismo!brl-tgr!wmartin
From: wmartin@brl-tgr.ARPA (Will Martin )
Newsgroups: net.consumers
Subject: Re: bidding on a house (taxes)
Message-ID: <1880@brl-tgr.ARPA>
Date: Thu, 3-Oct-85 11:03:22 EDT
Article-I.D.: brl-tgr.1880
Posted: Thu Oct  3 11:03:22 1985
Date-Received: Sat, 5-Oct-85 07:20:42 EDT
References: <50@drutx.UUCP>
Reply-To: wmartin@brl-bmd.UUCP
Organization: USAMC ALMSA, St. Louis, MO
Lines: 16

It is quite true that tax-rate computations are locally-dependent.
For example, here in St. Louis, MO, there was just a general
reassessment this past year. The property is assigned an "appraised
value", which is determined by an [external] inspection and by looking
at city records. If the property owner disagrees with it, he can appeal
the appraisal. (I found mine to be quite reasonable, less than I thought
it would be, so it is therefore "fair". :-)

The "assessed value" is 19% of the appraised value. The tax is then
figured by multiplying that by the current tax rate (.05482, if I
recall correctly). Both of these figures will vary by your locality, of
course -- the initial percentage may be fixed state-wide or not; that
may vary from state to state. The latter figure varies between
municipalities.

Will


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