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Chesterfield council adopts Downtown Chesterfield Special Business District, 6-1
Summary
The Chesterfield City Council voted 6–1 on Jan. 8 to adopt Bill 3524, creating the Downtown Chesterfield Special Business District and authorizing a special property tax for properties inside the district.
The Chesterfield City Council voted 6–1 on Jan. 8 to adopt Bill 3524, creating the Downtown Chesterfield Special Business District and authorizing a special property tax that will be applied to properties inside the district.
The ordinance allows the special-business-district tax to be assessed on land value only through tax year 2029; after that date the tax will apply to full assessed value (land and improvements). The council set a maximum rate of $0.85 per $100 of assessed valuation; the exact annual rate will be set by the city and the district’s advisory board.
City Administrator (unnamed) said the tax "will be paid by the property owners within the…
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