The county Department of Revenue will withhold about $600,000 from a tax bill sometime next year, but Carl says the district knew that was a possibility and budgeted accordingly. Kevin Carl, the superintendent of the Hancock Place School District, says the lower value on the settlement means River City overpaid taxes in 2010. 'If we had taken this to the State Tax Commission, and if we had ultimately lost, we would be talking about a multi-million-dollar hit to public services in South County,' Zimmerman said.ĭr. But he says the decision to settle provides certainty to the school and fire protection districts in Lemay. Zimmerman, the assessor, says he believes that if Pinnacle sold the casino, a buyer would pay about $270 million. That means a tax bill this year of about $7.5 million. Today's settlement sets the combined real estate and personal property values for River City at $235 million in 2010, $248 million in 2011, and $235 million in 2012. The casino disputed that number, and in August 2011, a county board that hears tax cases reduced that number to $160 million, before ultimately reversing itself and restoring the $270 million value. In 2010, 20, county assessor Jake Zimmerman determined that River City, in Lemay, was worth about $270 million. Louis County has been worth for the past three years. Louis County and Pinnacle Entertainment have settled a dispute over how much the River City Casino in south St.