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Committee adopts state provision to prorate property taxes for disaster-damaged homes
Summary
The St. Louis City Board of Aldermen's Housing, Urban Development and Zoning Committee moved to recommend passage of Board Bill 24, adopting provisions of the Revised Missouri Code to allow prorated tax assessments for residential properties rendered uninhabitable by a natural disaster.
The St. Louis City Board of Aldermen's Housing, Urban Development and Zoning Committee moved to recommend passage of Board Bill 24, an ordinance adopting the provisions of the Revised Missouri Code (as read in committee) that allow residential property owners whose homes were severely damaged or destroyed by a natural disaster to receive a prorated reduction in property tax assessment.
Sean Ordway, interim assessor for the City of St. Louis, told the committee the adopted state provision allows proration when a property is "deemed to be uninhabitable or unoccupied," with taxes prorated based on the date the storm made the property unoccupiable. "So they would pay taxes for the first basically third of the…
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