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...
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...
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....
Business Property Owners: You may not have to accept what the tax assessor says you owe
When you receive your commercial property tax assessment, do you simply grumble for a bit and then pay it? It might surprise you to know that as many as 60% of properties nationwide receive too high an assessment, according to the National Taxpayers Union. And only a...
