Collector of Revenue Receives Award for RETAF: Real Estate Tax Assistance Fund

The Collector of Revenue’s Office was a proud recipient of the Regional Initiative Award for RETAF: Real Estate Tax Assistance Fund

November 18, 2022 | 2 min reading time

This article is 2 years old. It was published on November 18, 2022.

RETAF Group Award PicThe Collector of Revenue’s Office was a proud recipient of the East West Gateway Council of Governments Exemplary Collaboration, Partnership, or Regional Initiative Award for RETAF: Real Estate Tax Assistance Fund along with Park Central Development, Legal Services of Eastern Missouri, and Prosperity Connection. In 2022, the RETAF program saved 68 homes in the City of St. Louis from tax foreclosure, impacting over 130 city residents across 33 neighborhoods.

The Real Estate Tax Assistance Fund (RETAF) was established through a partnership with the City of St. Louis Collector of Revenue, Park Central Development, Prosperity Connection, and Legal Services of Eastern Missouri in response to the needs of homeowners facing tax foreclosure.RETAFPIC2

As the result of a tax foreclosure, homeowners face loss of housing stability and erasure of equity, while neighborhoods bear the burden of population loss and increased vacancy. RETAF prevents these devastating events and keeps families in their homes by providing immediate financial assistance to owner-occupant homeowners who are at imminent risk of a tax foreclosure.

RETAF funding not only provides direct financial assistance to homeowners at risk of losing their home but also financial planning assistance. The program also benefits the community by stemming population loss, ensuring funding for schools, parks, and other crucial services, and prevents increases in vacant property that can negatively impact health, crime, and property values in neighborhoods.

Funding for the program comes from both public and private philanthropic dollars, with the City of St. Louis committing $500,000 in ARPA funds in 2022.

RETAFPIC3

 

 

Related Stories

  1. E-234 Business Earnings Tax Forms Available Exclusively Online Mar 07, 2024: The 2023 tax year filing deadline is coming up on April 15th. All of the Collector of Revenue Earnings Tax forms you need can be found on our website.
  2. Applications for St. Louis Senior Property Tax Freeze Credit Now Live Mar 04, 2024: Senior residents can now apply to freeze their property taxes, providing financial relief to those burdened by the rising costs of property taxes.
  3. CDA ConPlan Process Jan 02, 2024: CDA encourages residents to share your priorities with us by engaging in the upcoming process and joining committees.

Related Services

  1. Pay Your Personal Property Tax Personal property taxes are due by December 31st of each year.
  2. Declare Your Personal Property Declare your personal property online, by mail, or in person by April 1st and avoid a 10% assessment penalty.
  3. Obtain a Personal Property Tax Receipt Instructions for how to find City of St. Louis personal property tax history, print a tax receipt and/or proceed to payment.
  4. Apply for the Senior Property Tax Freeze Credit - City of St. Louis Instructions to apply for the City of St. Louis Senior Property Tax Freeze Credit program, which provides senior citizens with fixed City property tax rates.
  5. Obtain a Tax Waiver (Statement of Non-Assessment) Residents with no personal property tax assessed in the prior year can obtain a statement of non-assessment (tax-waiver)

Was this page helpful?      



Comments are helpful!
500 character limit

Feedback is anonymous.