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Town and Country continues public hearing on proposed 2025 property tax rates; CFO outlines reassessment impacts
Summary
At the Sept. 8 Board of Aldermen meeting, Chief Financial Officer Joan Jadawi explained how a citywide reassessment constrains any tax-rate increase to 2.9% plus new-construction growth; the board continued the formal levy ordinance to Sept. 22 for final numbers.
Town and Country — The Board of Aldermen on Sept. 8 opened a public hearing on the city’s proposed 2025 property tax rates and continued formal consideration to the board’s Sept. 22 meeting to allow St. Louis County final equalization numbers to be incorporated. Joan Jadawi, the city’s chief financial officer, told the board that because this is a reassessment year the city cannot simply keep last year’s levy number but must limit any increase in tax collections to the consumer price index figure of 2.9 percent plus any revenue…
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