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Commission approves ordinance 2024-1210-1 to implement property tax credit tied to assessment ceiling
Summary
The commission approved Ordinance 2024-1210-1 implementing a property tax credit intended to limit tax increases tied only to assessment changes for calendar year 2025; commissioners and staff clarified the measure is a credit, not forgiveness, and that bonded debt and new bond issues are not covered.
St. Francois County commissioners voted to adopt Ordinance 2024-1210-1, which implements a property tax credit that the county described as effecting a “freeze” on taxes tied to changes in assessed value for calendar year 2025.
A county presenter said the ordinance implements the statutory approach created by state legislation and that the ordinance is written as a tax credit. “I’ve highlighted that and underlined it. It’s not a forgiveness. It’s a freeze,” the presenter said during…
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