The majority of property owners wait until they receive their real estate tax bill in November to think about whether or not to appeal. Unfortunately, by that point the deadline has long passed. Property tax assessments in Missouri must be appealed by Monday, July 9.
While a homeowner’s property tax assessment has likely not changed since last year, and the tax bill will only fluctuate slightly, anyone who did not appeal for 2017 can file an appeal for 2018. The time to make the determination of whether or not an appeal is appropriate is now.
The first step for the property owner is to look up their 2018 assessment. St. Louis County property owners can find their assessment information on the assessor’s website at www.revenue.stlouisco.com/ias/.
Property owners should review the assessor’s value as well as their physical characteristics and property sketch, and make a determination as to whether both the value and physical characteristic records are accurate.
It’s also important to make sure the record on the homes the assessor is using as comparable sales to value the property are correct. Incorrect data on a few comparable sales can skew assessments in an entire neighborhood.
Appeals to the Board of Equalization need to be filed soon, so don’t wait to do an analysis.
PAR Residential is the largest property tax consulting firm in the metropolitan area. Leave the review to an expert and pay a fair and correct amount for property taxes. For more information, please call (314) 454-0505 or visit parresidential.com.