Click for St. Louis, Missouri Forecast

// a href = ./ // St Louis News, Weather, Sports, The Big 550 AM, St Louis Traffic, Breaking News in St Louis

 
 
 
Home values in St. Louis County appear to be sliding in the wrong direction.

The county reassesses property values during odd-numbered years. The last full assessment was in 2011, when residential values slid four percent. STL County reassessment lowers property values On Monday, County Assessor Jake Zimmerman released some preliminary reassessment figures that indicate that the slide has continued. The figures show median home values have dropped another seven percent since 2011 - with homes in high-foreclosure areas losing 12 percent of their value or more.

Home values rose in only one school district -- Clayton, with declines ranging from 0.2 percent in Kirkwood to 24 percent in Riverview Gardens. STL County reassessment lowers property values Commercial property values appear flat across most of the county.
Published in Around Town
Home values in St. Louis County appear to be sliding in the wrong direction.

The county reassesses property values during odd-numbered years. The last full assessment was in 2011, when residential values slid four percent. STL County reassessment lowers property values On Monday, County Assessor Jake Zimmerman released some preliminary reassessment figures that indicate that the slide has continued. The figures show median home values have dropped another seven percent since 2011 - with homes in high-foreclosure areas losing 12 percent of their value or more.

Home values rose in only one school district -- Clayton, with declines ranging from 0.2 percent in Kirkwood to 24 percent in Riverview Gardens. STL County reassessment lowers property values Commercial property values appear flat across most of the county.
Published in Local News
Although the housing market may be picking up, assessed home values in St. Louis are expected to decline for the third time in a row.

St. Louis County's first elected assessor, Jake Zimmerman says preliminary computer models show values dipping slightly. Zimmerman told the St. Louis Post-Dispatch that human assessors may tweak the figures after examining individual homes.

He says anyone whose assessed property value increases will be notified by mail right away so that there's plenty of time for an appeal before the bills go out in the fall.
Published in Local News

Latest News

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
Prev Next

Berkeley Hosts Prescription Drug Turn-In Program

The City of Berkeley is participating in a program designed to encourage citizens to turn-in all of their unused or expired medication for safe disposal.     B...

Peabody Energy Reports First Quarter Loss

 ST. LOUIS (AP) - Coal miner Peabody Energy Corp. says its first-quarter loss more than doubled on weak prices. The results are worse than Wall Street expected and sha...

MO House panel OKs student transfer bill

MO House panel OKs student transfer bill

   JEFFERSON CITY, Mo. (AP) - A Missouri House committee has advanced legislation revising a law requiring unaccredited school districts to pay the costs when students...

Spending bill signed by Nixon includes $2M for Normandy School Dist.

Spending bill signed by Nixon includes $2M for Normandy…

   JEFFERSON CITY, Mo. (AP) - Missouri Governor Jay Nixon has signed a mid-year spending bill with funding for social services, education and a financially troubled St...

UPDATE: Missing So. County teen home safe

UPDATE: Missing So. County teen home safe

   A South County teen who had been the subject of an Endangered Person Advisory is home safe.      St. Louis County Police had issued the advisory ...

Railroad work delays drivers in Kirkwood

Railroad work delays drivers in Kirkwood

   Drivers on Kirkwood Road are used to waiting for the train, but that wait is a little longer today.      Union Pacific crews are making a critica...

© 2013 KTRS All Rights Reserved