Property taxes can be a significant financial burden for businesses. In Missouri, commercial properties are subject to higher tax rates than residential properties. Overtaxation can cost commercial property owners thousands or even millions of dollars. In such cases,...
Commercial property tax appeals in non-reassessment years
In Missouri, real estate reassessments take place in odd-numbered years. Those values roll over to even-numbered years. For 2020, commercial property owners can thus expect to have the same tax burden as 2019 although the tax rate will change.What if you recently...
The 3 techniques assessors use to value property
It's not uncommon for a St. Louis metro property owner to receive their assessment and wonder: "How did they come up with that number?" There is a process, however, and it is based on the use of three different approaches.As explained by the Missouri State Assessors...
Inflated property assessments can affect anyone — even Walmart
If you're unhappy with your property tax assessment, you're in the same boat as Walmart.The mega retailer is appealing the tax assessment for two stores in Franklin County (the ones located in Sullivan and Washington), arguing the assessor dramatically overestimated...
What are the characteristics of an ideal medical proxy?
Part of a complete estate plan is having powers of attorney in place. A financial power of attorney can manage your investments, pay bills and deal with any financial issues that may arise if you should become unable to do so. A medical power of attorney may have an...
Hoping to appeal a decision to the Missouri State Tax Commission?
The St. Louis County Board of Equalization is sending Decision Notices to the taxpayers that filed appeals this summer. If you received a decision notice or if you purchased a commercial property since June 9, 2019, here is some helpful information.Pay attention to...
Top Reasons To Appeal Commercial Property Values
In Missouri, business owners and property managers receive tax assessment notices on the properties they own or manage every two years. But are the assessed values accurate? There is a possibility your property may have been assessed incorrectly as some counties use a...
How does the commercial property tax appeals process work?
If you own a commercial property in St. Louis County, your building’s valuation may have risen with the recent assessments. While this indicates an increasing value in real estate investments, it may also signify higher property taxes. Due to a large amount of real...
Important estate planning elements you may be overlooking
If you are like many people, when you think of estate planning, you probably think about writing a will that designates who will get your belongings after you die. While writing a will is an important step to take, there are other items that can provide a more...
Tax assessors target Airbnb properties
When you travel, you may like the convenience and predictability of a hotel chain. On the other hand, if you have ever used Airbnb to find a place to stay on your trip, you know the benefits include a wider variety of locations and a room that feels more like a home....
