O’Fallon has approved a total 2020 property tax rate of $0.5162 per $100 assessed valuation, reduced by $0.04 from the 2019 total property tax rate of $0.5562. Bill No. 7215 establishing the rate was passed by a vote of 10-0 at the Sept. 10 City Council meeting.
At its Aug. 27 meeting, the city council conducted a public hearing and first reading for Bill No. 7226, sponsored by Mayor Bill Hennessy, to establish the 2020 property tax rate.
Missouri statutes require the city to levy the property tax prior to Oct. 1 each year, and prior to 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 a story on Aug. 28 about the property tax proposal, including details about the tax rate components and comparisons to prior years.