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Creve Coeur presents proposed 2025 property tax rates; residential and commercial rates proposed to fall
Summary
Finance director Laurie Obermiller said assessed valuations rose roughly 12% in Creve Coeur; staff proposed lowering residential and commercial rates while keeping the debt service levy at 0.082 per $100, noting final rates may change after board of equalization adjustments.
Creve Coeur's finance director presented the proposed 2025 property tax rates and explained why the city is proposing lower operating rates despite rising assessed valuations.
Laurie Obermiller said the city’s assessed valuation increased about 12% in the reassessment year and that, because revenue growth beyond the allowed CPI (2.9% for 2025) requires rates to be rolled back, staff…
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