Finances

Assessed valuation is the taxable portion of the market value of real estate and/or personal property, such as cars or boats. SSD encompasses all of St. Louis County and the portion of Jefferson County served by Rockwood School District. SSD’s countywide status allows the District to use the total assessed valuation of the area within its boundaries in determining its tax rate. For 2024–25, the valuation of the area within the District’s boundaries is $34,726,009,128.

By state law, residential property is assessed at 19 percent of its market value. This means that taxes paid to SSD on a home valued at $100,000 would be $183.31 annually based on the 2024-25 tax rate of $0.9648 per $100 assessed valuation. As with assessed valuation, the SSD tax rate applies to property in St. Louis County and the portion of Jefferson County served by Rockwood School District.

(0.19 x $100,000 x 0.9648) / $100 = $183.31

For the Fiscal Year 2024 school year, the District’s total operating revenue was $561 million, with expenditures of about $598 million.

FY24 revenues by source:

Local — $366,253,293 (65%)
(Includes Local, County, Non-current, and Contracted)
State — $124,555,247 (22%)
Federal — $70,320,107 (13%)

FY24 expenditures:

Staff Salaries — $375,334,474 (63%)
Staff Benefits — $130,289,789 (22%)
Purchased Services/Supplies — $75,070,431 (12%)
Capital Outlay — $17,761,756 (3%)