The tax rate for the St. Louis Community College district will be increased per $100 assessed valuation in accordance with the statutory provisions regarding tax rate settings. The STLCC Board of Trustees voted Sept. 21 to revise the tax rate for 2010 from 21.36 cents per $100 assessed valuation to 21.79 cents.
The tax rate is based on the assessed valuation of property in the community college district, which includes St. Louis City and County and portions of Franklin and Jefferson counties. The revised rate was calculated on the Missouri State Auditor’s worksheet calculator to assure compliance with the Hancock Amendment. The college is allowed only to increase its property tax revenues by the lowest of actual growth, the rate of inflation, or 5 percent.
The revised tax rate of 21.79 cents will be certified by the State Auditor’s office subject to the Oct. 1 notification deadline.