City officials are taking steps to support residents and business owners affected by recent natural disasters, particularly the tornado that struck the area. During the City of St. Louis 2025 Business Resource Forum, it was highlighted that while residential properties can benefit from the occupancy law, which allows assessors to adjust property values based on disaster impact, commercial and industrial properties lack similar provisions.

The occupancy law, enacted by the city board of aldermen and the mayor's office, permits assessors to reassess residential properties that are unoccupied and uninhabitable due to natural disasters. However, this law does not extend to commercial properties, leaving business owners facing the same tax obligations despite significant damage. As a result, businesses that have lost tenants and suffered extensive property damage will still be taxed based on their property’s value as of January 1, 2025.

City officials expressed their commitment to assist business owners in navigating the assessment process. They emphasized the importance of understanding how rebuilding or repairing properties will affect future assessments. For the 2026 tax year, assessors will review all affected properties to determine their condition as of January 1, 2026, which will influence tax valuations moving forward.

The forum served as a platform for city officials to encourage open communication with business owners, offering guidance on property assessments and tax implications. They reassured attendees that they are dedicated to being a resource for those impacted by the disaster, aiming to provide clarity and support as the community works towards recovery.