St. Charles County warns tax rates may rise with valuation gains
The St. Charles County Govermental Study Association warns local governments to adjust tax rates to avoid overtaxing property owners as assessed valuations rise by about 21 million dollars this year. The report notes 9 million of the increase affects schools in St. Charles and Augusta districts, while personal property and railroad plus utility valuations climb by about 5 million and 8 million respectively, driven by new Union Electric plant and infrastructure. It urges rate reductions where possible and offers assistance to subdivisions in meeting 1966 rate deadlines.