A recent analysis by a St. Louis lawmaker says 40 percent of the city's 62 square miles are exempt from property tax.
Alderman Scott Ogilvie raised alarm because, he said, "St. Louis stands almost alone nationally as a low real-estate value central city with scarce land available to tax, separated from the surrounding county."
Nonprofits such as hospital systems and universities, with substantial real estate holdings, are exempted from paying property taxes. The city in 2017 floated making nonprofits…
