The city of O’Fallon has approved a 2019 property tax rate of $0.5562 per $100 assessed valuation, reduced from the 2018 rate of $0.5959. At its Sept. 26 meeting, the City Council voted 9-0 to approve Bill No. 7126 sponsored by Mayor Bill Hennessy to enact the new rate. Council member Jim Ottomeyer [Ward 4] was absent from the vote.
Missouri statutes require the city to levy the property tax before Oct. 1 each year, and before approving the levy, the city is required to hold a public hearing with notice posted seven days in advance. Property tax rates also are subject to certification by the Missouri State Auditor’s office.
Mid Rivers Newsmagazine published an article about the background of this bill [“O’Fallon proposes reduced total property tax for 2019”] in the Sept. 25 issue.