St. Louis to use $500,000 for property tax assistance

Organizers say the aid package will also help stabilize neighborhoods as some homeowners have to choose between paying taxes or making much-needed repairs.

ST. LOUIS — St. Louis homeowners facing foreclosure now have a lifeline.

On Wednesday, city leaders announced they were transferring $500,000 of U.S. bailout funds to the St. Louis Real Estate Tax Assistance Fund. The money will prevent families who owe property taxes from losing their homes.

The St. Louis Real Estate Tax Assistance Fund is a public-private partnership that can provide up to $3,500 in tax assistance to homeowners who would otherwise lose their home due to tax foreclosure.

Organizers say the aid package will also help stabilize neighborhoods as some homeowners have to choose between paying taxes or making much-needed repairs.

The program is a partnership with revenue collector Gregory FX Daly, Eastern Missouri Legal Services, Park Central, Prosperity Connection, and St. Louis Community Credit Union.

A news release from Mayor Jones’ office said more than $4 million in property taxes had gone unpaid in the city over the past three years. The $500,000 transferred to the St. Louis Real Estate Tax Assistance Fund exceeded the fund’s 2022 fundraising goal of $300,000.

The eligibility criteria for assistance from the St. Louis Real Estate Tax Assistance Fund are as follows:

  1. Applicant must be a City of St. Louis property owner facing impending tax foreclosure (i.e., a foreclosure judgment has been issued for the property);
  2. The domicile receiving the funds must be the sole residence of the applicant;
  3. The applicant must not have any outstanding mortgage debt on the property;
  4. A foreclosure sale of the plaintiff’s property must be scheduled for the same calendar year; and
  5. The applicant’s household income must not exceed 100% of the Area Median Income (AMI) for St. Louis.

According to the St. Louis Real Estate Tax Assistance Fund website, more information on how to apply will be provided later this month.

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