Taxes for the District shall be assessed and collected as follows:
A. For the purpose of paying for costs and expenses incurred in the operation of the District, the provision of services and facilities and improvements authorized in Sections Five and Six of this ordinance, and incidental to the leasing, construction, acquisition and maintenance of any improvements authorized herein or for paying principal and interest on notes authorized for the construction or acquisition of any said improvement, there may be imposed a tax upon all real property within the District which shall not exceed eighty five cents ($.85) on the one hundred dollars ($100.00) assessed valuation, subject to the provisions of Section Ten.
B. If the proposition submitted to the qualified voters residing in the District receives in its favor the votes of the majority of the qualified voters voting at the election conducted pursuant to Section Ten, the initial rate of levy which shall be imposed upon real property within the District shall be thirty cents ($.30) on the one hundred dollars ($100.00) assessed valuation.
C. Real property subject to partial tax abatement under the provisions of Chapter 353, R.S.Mo., shall for the purpose of assessment and collection of ad valorem real estate taxes levied under the District, be assessed and ad valorem real estate taxes shall be collected upon the same assessed value on which its ad valorem real estate taxes and payment in lieu of taxes are based in the Ordinance adopted by the City of St. Louis approving the development plan of any such corporation and authorizing tax abatement.
D. The tax provided for by this ordinance shall be collected by the Collector of Revenue and held in a special account to be used only for all purposes authorized hereunder, as provided by law.
E. The levy shall not be imposed upon real property exempt from ad valorem real estate taxes because of charitable, religious, educational or other public or private uses.
- CLICK HERE for the 2016 budget of the Soulard Special Business District, presented and approved by the St. Louis City Board of Aldermen.
- CLICK HERE for historical tax rate assessments (1996 – current).
The following is an example formula for the Soulard Special Business District tax rate. Property values are based on appraisals from the City of St. Louis Assessors Office.
| $100,000 Appraised Value | $200,000 Appraised Value | $300,000 Appraised Value | $400,000 Appraised Value | $500,000 Appraised Value | |
|---|---|---|---|---|---|
| Assessment Rate 1 | 19.0% | 19.0% | 19.0% | 19.0% | 19.0% |
| Assessed Value (Appraised Value x #1) | $19,000 | $38,000 | $57,000 | $76,000 | $95,000 |
| Assessed Value, per $100 (#2 / 100) | $190 | $380 | $570 | $760 | $950 |
| 2017 SSBD Tax Rate 2 | $0.5761 | $0.5761 | $0.5761 | $0.5761 | $0.5761 |
| Total Tax Due to SSBD (#3 x #4) | $109.46 | $218.92 | $328.38 | $437.84 | $547.30 |
(1) Established by the City of St. Louis Assessors Office
(2) Established by the Soulard Special Business District