CORRECTION: Property Tax Hike Proposed by Brentwood School District

*Correction (1:59 p.m.) — An earlier version of this article listed incorrect math to calculate a homeowner's expected tax bill. We are sorry for the error.

On Tuesday, the Brentwood Board of Education is scheduled to vote on a property tax increase for the upcoming year. The meeting is set for 6:30 p.m. at the .

The proposed tax hike follows a decline in assessed valuation in Brentwood for the fourth straight year. While residential valuation actually increased by nearly $700,000 since last year, commercial valuation dropped by $6 million.

The lower valuation equates to fewer tax dollars for the school district unless the school board increases taxes. The proposed rate is listed below.

*For a $123,600 home—Brentwood's median housing value according to the 2000 U.S. Census—homeowners would pay an extra $21.98 on their tax bill if their home values remained the same.

In a previous year, the school board set the property tax rate before receiving assessed valuation numbers from St. Louis County. Most school boards set the rate too low that year, said Chris Jones, president of the Brentwood school board. That's because the boards were required to set their rates by Sept. 1, instead of Oct. 1.

To offset the difference, the Brentwood school board decided to recoup the loss over the next three years. This is the second year of that recoupment.

“We’re kind of in a negative range,” Jones said. “Instead of coming back and trying to raise it to offset that, which we are legally able to do, we decided we would just kind of take a small step and recoup that loss over a period of a number of years.”