Tax breaks may be coming to businesses, homes damaged in Ferguso - KMOV.com

Tax breaks may be coming to businesses, homes damaged in Ferguson unrest

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By Adam McDonald By Adam McDonald

FERGUSON, Mo. (KMOV.com) – St. Louis County Steve Stenger is proposing a new plan to help businesses and homes that were damaged in during the unrest in Ferguson and Dellwood.

Under the plan, St. Louis County would waive late payment penalties on 2014 property taxes for homes and businesses that sustained damage.

“I think there will be people struggling to pay their taxes because the decrease in business, the damage to their property,” said St. Louis County Revenue Director Greg Quinn.

Owners of damaged property could also get a reassessment for 2015, something that may offer a significant tax savings.

“This will go some ways to eliminating some of that hardship or easing some of that hardship,” Quinn said.

Quinn also said St. Louis County will be establishing an Office of Community Development to explain the program to property owners.

The owner of a business that was looted twice said the proposal could be very helpful.

“You’ll be surprised how much all the penalties and late charges and the actual taxes that are due,” said Sonny Dayan, the owner of STL Cordless. “Those have a tendency of showing up at the worst times. We appreciate attempt to help us.”

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