CORRECTION: Maplewood Aims to Lower Property Taxes

*Correction (1:59 p.m.) — An earlier version of this article listed incorrect math to calculate a homeowner's expected tax bill. We are sorry for the error.

Maplewood residents can look forward to a rollback in their property taxes this year, if assessed valuation figures supplied to the city by St. Louis County in mid-March remain the same.

The rollback—a recommendation of Mayor James White—would be the third consecutive rollback for the city’s residents.

If the valuation figures are still correct, residents will see their property taxes stay the same or go down by $0.01, which amounts to to $0.7910 per $100 assessed value.

*If you own a $100,000 home, that only saves about $1.90 per year. But at a time when assessed valuation continues to decline, the city hasn't raised property taxes to combat declining revenues (like neighboring Brentwood and ). 

“The mayor and the city council wanted to give the taxpayers of this community a break,” City Manager Marty Corcoran said.

There is no method in place to offset the city’s tax loss, but that’s okay with Corcoran. The key is to pre-plan when you are developing the budget, he said.  

“When you prepare a budget, you prepare ahead of time knowing that revenue is not going to come in and therefore you allow for that rollback to take place,“ Corcoran said.

The city should receive the final figures sometime next week, Corcoran said.