BENTON -- A public hearing for setting Scott County's tax rates is set for 11 a.m. Aug. 14.
"It's that time of the year to set tax rates," said County Clerk Rita Milam during the regular Scott County Commission meeting Tuesday. "Every public entity will be holding hearings to set tax rates. ... Every entity sets their own tax rate."
The tax rates are used to determine personal and real estate property taxes.
The proposed tax rate for general revenue is 10 cents per $100 assessed valuation which it has been at for a long time, according to Milam.
"We've estimated we will receive $355,000 from property taxes this year," she said.
Milam said under state statutes, the rate for general revenue could be set as high as 18 cents.
The road and bridge tax rate was at its ceiling of 29.93 cents per $100 assessed valuation for 2006, the same rate proposed for the 2007 tax year.
The third rate set by the county, for Johnson grass eradication, has been at 1 cent for quite some time as well.
"I think it's been that rate since it was voted in," Presiding Commissioner Jamie Burger said.
The county's total assessed valuation for the 2007 tax year is $394,420,098 -- $272,750,030 in real estate and $121,670,068 in personal property -- up from $381,225,334 for the 2006 tax year.
While contributing a significant amount to county coffers, property taxes do not bring in nearly as much as sales taxes.
Burger said the law enforcement fund is facing a $800,000 shortfall in revenues for 2009 with the sunset of the half-cent law enforcement sales tax. This tax brings in about $1.6 million per year of which about $800,000 goes to the bond payment on the jail construction debt.
The county will collect the sales tax through Sept. 30, 2008.
In 2009, the county will no longer have the bond payment on the jail but the $800,000 shortfall will have to come out of general revenue expenditures, Burger said.
In related business, officials noted the state reimbursement rate for prisoners held by the county that get sent to the Missouri Department of Corrections goes up in August if the bill is signed by Gov. Matt Blunt.
Commissioner Ron McCormick said commissioners figure that will bring in an additional $42,000 per year.
In other business, the county's Enhanced Enterprise Zone board met Monday, according to County Developer Joel Evans.
"We held a public hearing to disseminate information about the creation of the Enhanced Enterprise Zone and to answer any questions and gather public opinion on the issue," he said.
Evans said two resolutions were passed by the board, "one creating the board to oversee the Enhanced Enterprise Zone and the other spelling out the geographic boundaries of the Enhanced Enterprise Zone and the parameters within which they they will operate."
There are several village and cities that will be included within that geographic boundary, according to Evans.
"I'll be approaching each of those cities to adopt a similar resolution," he said.