The city of St. Clair.

The city of St. Clair will conduct a second public hearing on its 2013 tax levy.

The hearing is scheduled for 5:10 p.m. on Thursday, Aug. 29, in city hall. A brief meeting will follow at 5:30 p.m. to allow the board of aldermen to pass an ordinance that officially establishes the tax rate.

The second hearing and meeting is necessary because not enough notice was provided to the public for the first one, city officials said.

On Monday, the first public hearing was scheduled on the tax levy. There was no comment or discussion. During the regular board meeting that followed, aldermen established the overall tax levy at .7024.

The amount was split into .5353 for the general fund and .1671 for the park fund.

The tax rate means St. Clair residents will pay 70.24 cents per every $100 of assessed valuation.

The tax levy is the same for next Thursday’s hearing as figures did not change.

City Administrator Rick Childers told The Missourian that the city first received its tax information from Franklin County last Friday, Aug. 16. In an effort to not have to schedule a special meeting, the public hearing and subsequent ordinance to establish the rate was added to the board’s Monday agenda.

The information was posted on Friday.

However, upon further checking this week, it was discovered that not enough notice was given.

“We weren’t sure about the notice period,” Childers said this Friday. “We asked (City Attorney) Kurt Voss to check, and it’s seven days posted or published.”

The new public hearing and special meeting has been posted at city hall, fulfilling the needed seven-day requirement.

Tax Levy

The .7024 tax levy for 2013 is slightly higher than last year’s rate of .6532. That rate was split into .4978 for the general fund and .1554 for the park fund.

Approving the tax rate is an annual process all municipalities must do by Sept. 1. The information is prepared by Franklin County from information provided by the state.

The intent of the varying local levies from year to year basically is to provide the same amount of tax revenue for municipalities.

“The state provides the breakdown, or assessment, of the tax rate,” Childers said during the initial public hearing. “If the tax value of property is down, the tax rate goes up to offset the loss. If the value goes up, the tax rate decreases.”

According to figures provided by Franklin County Clerk Debbie Door, St. Clair’s total real estate assessed valuation is estimated to be $47,548,108. Personal property adds $7,980,048. The total assessed valuation therefore is $55,528,156.

Childers said on Monday that combining new real estate and personal property assessed valuation estimates with the adjusted tax rate will produce almost identical revenue dollars for the city this year when compared to last year.

 As far as the amount of property tax revenues generated through the tax levy, an estimated $294,463 would come into the general fund for 2013 as well as $91,924 into the park fund. That total is $386,387.

Rates are contingent on final assessed valuations and compliance with state laws.

During the regular meeting on Monday, Ordinance 1720 setting the annual tax levy unanimously was passed without discussion.

The new ordinance, if passed on Thursday, will be No. 1721. It will replace the previous ordinance.

According to information provided by the city, the tax rate is determined by dividing the amount of revenue by the current assessed valuation. The result is multiplied by 100 as the tax rate is expressed in cents per $100 of assessed valuation.