County Tax Rate May Rise - The Missourian: Emissourian

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County Tax Rate May Rise

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Posted: Saturday, September 7, 2013 6:32 pm | Updated: 4:36 pm, Tue Sep 10, 2013.

Josh Mitchell

Missourian Staff Writer

Presiding Commissioner John Griesheimer said the county will likely have to raise its tax rate this year.

He said the county’s expenses keep going up and that there is nothing left to cut.

Employee layoffs are not being considered, Griesheimer said.

“There’s just no more to trim,” he said, adding that he hopes sales tax revenue can rebound.

The county sets a tax rate for the general fund and road and bridge, and both are proposed to go up this year.

The general fund tax rate for 2013 is proposed to be .1483 and road and bridge, .2124 per $100 of assessed value.

The proposed general fund tax rate would generate $2.6 million and the road and bridge rate, $3.8 million.

The 2012 tax rate for the general fund was .1308 and road and bridge .1986.

Under state law, the tax rates can go up to 35 cents per $100 of assessed value without a vote of the people.

The county commission this week set a public hearing on the proposed tax rates for Tuesday, Sept. 17, at 9:45 a.m. in county commission chambers of the government center in Union.

With lower property values, the county may have to raise the tax rate to generate enough revenue, Griesheimer said.

This year the county experienced its largest drop in assessed value in over 50 years.

The county’s total assessed value, including personal property and real estate, for 2013 is $1.8 billion compared to $1.9 billion the year before. That is a decline of $81.5 million, or 4.4 percent.

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