Across St. Louis County, over $30 million of revenue was lost due to the first year of the senior property tax freeze. This money usually goes to municipalities, public schools, fire districts, libraries and beyond; these recent revenue losses were dependent on the local tax rates of the seniors applying.
Sunset Hills is facing a revenue loss of $2,283.53 from 865 parcels. According to Sunset Hills finance director Jeff Trentmann, this is a 1% approximate impact to the city’s 2025 tax levy, and there will be no need for a budget adjustment this fiscal year.
Crestwood is facing a revenue loss of $79,009.07 from 1,198 parcels…