Tuesday, September 4, 2007

Comparing Apples and Oranges (or Missouri and Illinois Tax Rates)

On the surface, Illinois tax Real Estate tax rates may seem in line with those in Missouri. However, as always, the devil is in the details.

Doing some research I found the following rates:

Highland, IL 8.0354 (Source: Madison County Il Treas/)

Troy, MO 5.870 (source: Lincoln County Assessor)

Overland, MO 8.6615 (source: St Louis County Dept of Revenue)

I included Troy Mo because it was really unfair to compare an inner suburb and all of its services with Illinois cities, which can be more like Lincoln County, Missouri governments).


Now, the "devil" part. Missouri state law states that residential property is only taxed at 19% of its real value. Or, for a $100,000 house it is only taxed at an assessed value of $19,0000.

In Illinois, state law states this amount is 33.33%. Or, a $100,000 house is taxed at an assessed value of $33,333.33.

Thus, when you extrapolate out to the "similar tax rate" the Highland Illinois tax is $1000.00 more for that same $100,000.00 house.

20 comments:

ghostbuster said...

I worked in Illinois for 35 years, and lived here.

Before complaining here should look at Illinois fuel, utility and sales taxes.

We have it good in comparison!

ghostbuster said...

Fuel, utility, tobacco, alcohol taxes are a lot higher in Il.

We are getting by cheap in comparison.

ghostbuster said...

Tobacco, Utility, alcohol, and fuel taxes are higher in Illinois.

We get by considerably cheaper!

Say It Ain't So said...

I'm sure Rebecca is married to the whiz bang guy who said his property tax was increasing $380.00 meaning his property was worth as much as 1.7 million dollars.

On the plus side the good news is it sounds like our village idiots may soon be moving; However, the bad news is the village idiots are also pathological liars.

John Moyle said...

Suzyjax thanks for the information. Does this 19% rule apply to real property or just personal property in Missouri?

The reason I ask is that the County has my home assessed at $78,500.00 or so. If I am reading this information correctly that would suggest the county believes my 2 bed, 1 bath, 1000 or so square foot, roughly 90-100 year old house on a quarter acre is actually worth nearly $400,000.00.

If this applies to Real property could you point me in the right direction for filing a complaint, request for re-assessment, etc.? Any help / advice on this would be greatly appreciated.

suzyjax said...

No, the $79,000+ is the "real value". (Or, what they thought you could get if you sold your home on the day they appraised.) You are taxed at 19% of that value.

If you are looking at your page on the St. Louis County Revenue, then the $79,000 should be the "appraised" value and 19% of that is the "assessed" value.


Pers. Property is done at 33 1/3% of "real value", but tends to decline every year.

suzyjax said...

To be more clear

You were appraised at approx. $79M.

You will be assessed at approx. $15M.

John Moyle said...

I see it now, thanks for clearing that up for me. A real shame though, I thought I might have had an easy argument to get my taxes reduced.

:-)

ORT Contrarian said...

Finewine,
What is your point?

Oh wait, you and Donna Dill are once again imagining that people are stalking you!

Gimme a break!

onelayer said...

Suzy,

Just wanted to say thanks, the new site is great.

onelayer said...

Suzy,

The new site is great, thanks.

ORT Contrarian said...

Gravy,
Please quit harassing these folks with your opinion on cost benefit analysis. :)

John Moyle said...

After reviewing:

Missouri Revised Statutes
Chapter 565
Offenses Against the Person
Section 565.225

as referenced yet again by FineWine over at the OverlandChat site, I have to say I am at a loss to what this might possibly apply to.

However, what I find humorous is the possibility that continually sighting this section of the Missouri statutes specifically and repeatedly to one individual could be seen as a violation of the Harassment portion of that statute itself.

PTT said...

Thanks for the reference Fine Wine.

For the rest of you I want to take this opportunity to acknowledge Fine Wine for being one of the most considerate stalking targets I have ever worked.

Most people I target for stalking are not nearly as thoughtful. When my other targets catch me stalking, they go and ruin everything by calling the police. The police investigate, find out who I am and next thing I know some judge is sentencing me to another 30 days in the cooler.

Finewine is one of the few people that when threatened by a stalker will take the time to communicate with the stalker to remind the stalker of what is permissible behavior. So when choosing someone to stalk, try to find someone like FineWine. Someone that doesn't call the authorities when feeling threatened by a stalker.

Thanks for keeping me in mind.

suzyjax said...

I thought maybe we were playing a game of just name random chapters from RSMo.

ORT Contrarian said...

Finewine,
Is your "respect" for Sailor based on whether he agrees with everything you post?

That's not respect but appreciating a "yes man". I looked through Sailor's post, it was not biased but questioning.

Disagreement does not equal hate speech, harassment or stalking.

John Moyle said...

FineWine You're welcome to your opinion of me or anything else.

As for my last comment here, think about it for a second. You have repeatedly mentioned stalking laws in reference to Gravy, yet you continually refuse to specifically point out whatever it is you think he is doing that violates that statute. Repeatedly saying the same pointless, purposeless thing to someone over and over would be annoying to most people. However, if I apply your apparent "standard" for this statute it seems clear that your own actions would be equally in violation.

Now in reality, there are no violations of this statute from either of you. If you say something and someone says you are wrong, bias, a liar, etc that is not stalking or harassment, it is freedom of speech / expression. If you feel threatened when your opinions are challenged than the only useful suggestion I can come up with for you is to stop publicly expressing them, or get over it and realize your opinion will be subject to scrutiny.

If there is something more going on that we do not see online than I would suggest you either put up or shut up. Your current actions are like those of the boy who cried wolf. If someone was to actually start stalking you in the future (which I hope never happens) who would believe you after all of your "stalking" shenanigans here online?

Say It Ain't So said...

I like this site but I don't care for the digging on Fine Wine. I think it's okay to fire on Overland officials and politcos and those like Snoopdog but to go after FW for disagreements of the past is exactly what is wrong with Overland. Get some balls on here and put your frustration on the powers that are instead of FW. During the election FW and Gravy you two were on the same page. I believe FW is a true blue God fearing American and a senior citizen to boot. To chastise her in the same vain as the Poopdogs of the world is wrong. Would you two put it away the stalking stuff and just kiss and make up? Please.

suzyjax said...

Tom,
While I agree with what you are saying, I am amazed that FW got upset over just a few words.

Especially in light of the fact that she sat by with no comment (as did most of OverlandChat) when a post was TITLED that people should call my employer with the intent to have me fired. Not a few words hidden within a comment to a post, but a post with the title to intentionally harass me with intent to get me to hold my opinions.

Where was her outrage then? Where was her quoting of chapter and verse of state statute then?

Maybe because that was directed at me, but that seemed a bit more aggregious than someone calling someone a liar, silly, stupid, or a bad person or any of the other minor things that happen on both boards.

PTT said...

When stops lying, I will stop pointing it out. What is particularly funny is that I didn't reference Fine Wine in the post she found to be of a stalking nature.

The "my husband has thirty antique autos" is a classic FineWine type of lie.