08/25/2026
Local Property Brief — August 24
* Park Hills property-tax hearing: The city will consider keeping its 2026 rates unchanged—$0.4819 General Fund plus $0.4100 Debt Service per $100 assessed value—at a public hearing Tuesday, August 25, at 6 p.m. Final rates remain subject to State Auditor approval. No immediate adjustment to Park Hills ownership-cost projections is indicated. Hearing details
* Park Hills budget decisions underway: Officials are preparing the approximately $12 million FY2027 budget, effective October 1, and are requesting input on priorities. Action: document recurring street, drainage, utility, or access problems near managed properties for possible submission during the budget process. Budget update
* Fredericktown market clarification: City-level Redfin data show a three-month median sale price around $137,000, down 1.8% year over year, with marketing time increasing from 42 to 53 days. The broader 63645 ZIP previously reported stronger appreciation, meaning rural and higher-priced sales were likely lifting the ZIP-wide figure. Inference: price Fredericktown city listings from city-specific comparables—not the full ZIP trend. Fredericktown data
* Financing barely improved: Freddie Mac’s 30-year average declined from 6.67% to 6.65% on August 20. That two-basis-point move is not enough to materially change affordability; continue preparing sellers for payment-sensitive buyers and possible closing-cost requests. Freddie Mac
* Maintenance window: Mostly dry conditions and highs in the mid-to-upper 80s are expected, with only about a 30% thunderstorm chance Wednesday near Farmington. Use the dry stretch for mowing, gutter checks, exterior repairs, and HVAC-filter/condensate inspections before temperatures approach 90°F Sunday. Farmington forecast
* Compliance watch: Farmington’s proposed 2024 building/property-maintenance codes remain under review; no adoption was confirmed this week. No consequential new rental ordinance was located for Bonne Terre, Mineral Point, Potosi, or Fredericktown since August 17. Farmington proposal