The Webster Groves City Council may decide at its meeting on Thursday the property tax rates for homeowners in the city.

Joan Jadali, the city's director of finance and administration, has proposed that in general, the rate remain the same as last year, which was about 76 cents per $100 of assessed valuation.

Last year, the property tax rate for homeowners decreased by 12-cent per $100 of assessed valuation from the 2010 rate. Jadali attributed the ability to lower the rates last year to the city’s AAA+ credit rating and great interest rates on the city’s bonds.

At a recent meeting, the council introduced the measures that would set the tax rates for 2012. Jadali proposed the rate to be about 76 cents per $100 of assessed valuation for 2012 for residents living in the general area of Webster Groves, meaning those residents not living in a special taxing district. 

At the 76-cents per $100 of assessed valuation, the property tax on a $300,000 home would be about $433, while on a $250,000 home, the tax would be $361, Jadali said.

Mayor Gerry Welch said at the recent meeting, "The city's portion of taxes on your property has declined over the last decade."

Normally, the council meets the first and third Tuesdays each month. However, this month, the council's second meeting will be held Thursday, Sept. 20 since several council members are traveling for a St. Louis County Municipal League meeting.