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City finance staff: disabled-veteran property exemption not driving multiplier increase
5073936 · June 24, 2025
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Summary
Sandy explained that the increase in the city’s tax multiplier is driven by a three-year sales-ratio study and market sales prices, not the disabled-veteran exemption; staff will monitor assessor data.
O'Fallon — City finance staff told the Finance Committee that the increase in the property-tax multiplier is not caused by the disabled-veteran exemption but by market-driven changes in assessed values and a three-year sales ratio study.
Sandy told the committee she consulted the county assessor and the state assessor’s office and…
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