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Wednesday, Aug. 31, 2016

Property tax rates will stay the same

Monday, August 25, 2008

SIKESTON -- Sikeston's property tax rates will remain the same.

A bill establishing the city's property tax rates for fiscal year 2009 was approved during a special City Council meeting this morning following a public hearing.

The rates were set as an emergency bill to meet the Sept. 1 deadline required by state statutes, according to City Clerk Carroll Couch.

The rate for general revenue is once again at .3694 per $100 assessed valuation; and at .1609 for both the parks and the library.

The general revenue rate is below the ceiling mandated by the state's Hancock Amendment, .5530 per $100 assessed valuation, due to the 21 percent voluntary reduction city officials committed to when Sikeston voters approved a 10-year 1-cent sales tax in 2004.

Couch said due to the process of working with two counties in submitting appraisal information to Jefferson City and receiving figures back, city staff are unable to get all the requirements for the tax levy met in time for the bill to be presented during the regular August City Council meeting.