2026 Commercial, Industrial, and Multi-Family Reappraisal Report - City Council Overview

Sep 11, 2026

Agenda material for the City of St. Louis Regular City Council Meeting held Tuesday, June 16, 2026, including call to order, roll call, pledge of allegiance, approval of agenda, public hearings for the 2026-2027 budget and 2025-2026 budget amendment, and consent agenda motions for multiple engineering and construction-related payments. The included reappraisal report provides City Council with an overview of the completed 2026 reappraisal for commercial, industrial, and multi-family properties, detailing purpose, background, process steps, valuation changes, and estimated taxable value and tax revenue impacts, plus factors that may affect actual levy results.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages149

Reading Time6 h 15 min

AccessFree to download

City Council Meeting Agenda

Public Hearing / Presentations

Consent Agenda

Business of the Council

City Manager, City Clerk, Police Chief Reports

Public Comments and Adjournment

2026 Commercial, Industrial, and Multi-Family Reappraisal Report

Purpose of Report

Background

Reappraisal Process

Reappraisal Results

Estimated Taxable Value Impact

Importance of Reappraisal Program

CITY OF ST.LOUISREGULAR CITY COUNCIL MEETING Ralph Echtinaw,MayorBill Leonard,Mayor Pro TemFares Azzam,Council MemberKevin Palmer,Council MemberRobin Hart,Council Member *Agenda*Tuesday,June 16,2026 6:00 PM 1) Call to Order. 2) Roll Call. 3) Pledge of Allegiance. 4) Approval of Agenda. 5) Reserved for Public Hearing/Presentations. a)Presentation-Kathy Roslund-Reappraisal Report. b)Public Hearing for the 2026-2027 Budget i)Open Public Hearingii)Public Commentsiii)Close Public Hearing c)Public Hearing for the 2025-2026 Budget Amendment i)Open Public Hearingii)Public Commentsiii)Close Public Hearing # 6)Approval of Minutes: a)Regular Meeting of June 2,2026. 7) Claims &Accounts. 8)Monthly Reports. 9) Audience Recognition “Each person will be allowed to speak for up to five (5)minutes,except where the number of speakers exceeds the time limit.In those instances,the Mayor of the City Council may eitherreduce the five-minute time limit to a three-minute time limit foreach speaker,or the City Council may waive the half-hour time limit." # 10)Consent Agenda-Motion to Approve/Receive. a.Approval and Payment to Seifert Concrete for Pool DeckReplacement. b.Payment to OHM for Professional Services for the DWSRFLoan Construction Oversite Project. C.Payment to Farabee Mechanical,Inc.for Emissions MonitorRepairs to Engine\#8. d.Payment to Malley Construction,Inc.for the DWSRF GrantConstruction Project. e.Payment to OHM for Consultant Construction EngineeringServices for the DWSRF Grant Project I,Phase Il. f. Payment to OHM for Construction Engineering Services for N.Main Reconstruction Project. g.Payment to ROWE for Engineering Services for DWSRFProject. h.Payment to Town &Country for Installation of Outlets forOxidation Ditches and Selector Tank. i. Payment to UFS for Electric PC&Rate Study Progress Billing.Payment to Crawford Contracting for ConstructionImprovements for the DWSRF Loan Project. # 11)Business of the Council. A.Resolution 2026-12 Adoption of 2026-2027 Budget B.Resolution 2026-13 Approve 2025-2026 Budget Amendments C.Quote for Custom Brackets and Bearings for Dam Gates D. Quote for Zero Turn Lawn Mowers. E.As Needed Engineering and G.I.S.Assistance. 12)City Manager's Report. 13)City Clerk's Report. 14)Police Chief's Report. 15)City Council Comments. 16)Public Comments. 17)Adjournment. # 2026 Commercial,Industrial,and Multi-Family Reappraisal Report Prepared by:Katherine Roslund,Assessor Date:May 6,2026 ## Purpose of Report The purpose of this report is to provide City Council with an overview of the 2026reappraisal project completed on Commercial,Industrial,and Multi-Family propertieswithin the City of St.Louis.This report summarizes the impact of the reappraisal onassessed and taxable values,explains why the adjustments were necessary,andoutlines the estimated effect on the tax base. ## Background During the 2025 assessment cycle for the 2026 assessment roll,the Assessor's officesupervised and participated in a comprehensive review and reappraisal of Commercial,Industrial,and Multi-Family properties. ### The reappraisal process included: ● Reviewing property record cards and physical characteristics ·Updating building measurements and sketches where necessary ·Reviewing current market conditions and comparable sales ·Updating Economic Condition Factors (ECFs) ·Reviewing depreciation schedules and effective ages ·Reviewing occupancy,use,and classification of properties ## Reappraisal Results The 2026 assessment roll reflects valuation changes within the Commercial andIndustrial classes.Below are the changes specific to the parcels visited: | Classification | 2025 Taxable Values | 2026 Taxable Values | Net Increase | | --- | --- | --- | --- | | Commercial | $7,691,671 | $7,885,326 | $193,655 | | Industrial | $3,973,510 | $5,070,937 | $1,097,427 | | Residential | ____
$3,680

FAQs

What reappraisal project does the report cover and for which property types?

The report summarizes the 2026 reappraisal project completed for Commercial, Industrial, and Multi-Family properties within the City of St. Louis.

What does the report describe about the reappraisal process?

It outlines steps such as reviewing property record cards and physical characteristics, updating measurements and sketches, reviewing market conditions and comparable sales, updating Economic Condition Factors (ECFs), reviewing depreciation schedules and effective ages, and reviewing occupancy, use, and classification.

How does the report estimate the taxable value and tax revenue impact?

It uses the estimated increase in taxable value from the reappraisal and applies the total city millage rate (15.0548 mills) to calculate estimated additional tax revenue, while noting that actual levy impacts may vary due to factors like rollback calculations, districts, exemptions, appeals, and allocation between operating and debt millages.

Sep 11, 2026

Uploaded by Aria Callaghan