For the third year in a row, the St. Clair Board of Aldermen voted to keep the city’s tax levy the same during Monday’s meeting.
During a tax hearing before the start of the regular meeting, City Administrator Travis Dierker said assessed valuations of personal property went down and real-estate increased this year.
He said the consumer price index (CPI) increased to 2.1 percent.
In order to maintain the same amount of revenue, Dierker said calculations indicate maintaining the same tax levy rate.
The board voted 4-0 to keep the tax levy the same at a rate of $0.5491 per $100 of assessed valuation for the general fund and $.1714 per $100 of assessed valuation for the park fund.
The estimated amount of tax revenue for the general fund is $315,061 and $98,345 for the park fund, according to a public hearing document.
This year’s total assessed valuation including personal property and real estate is $57,377,749.
There were no comments made by residents during the public hearing.
The St. Clair R-XIII School Board set its tax levy for the 2017-18 school year during a special meeting Aug. 24.
The board voted 7-0 in favor of keeping the tax rate the same as last year — at $3.82 per $100 of assessed valuation.
Superintendent Kyle Kruse said the district can collect as much revenue as last year for new and existing properties.
Kruse said the consumer price index this year is at “2.1 percent and our assessed valuation on the existing property went up right at 2 percent, which lets us keep the tax rates exactly as they are.”
The total assessed valuation this year is $144,116,887, according to the notice of aggregate valuation.
A $3.20 operating levy generates $4,611,740 if all tax bills are paid, according to Kruse.
“We estimate a collection rate of 93 percent, so will actually receive about $4,288,918,” he said. “This money is used to pay salaries, buy books, pay bills, etc.”
The superintendent added that 62 cents for debt service generates $893,525 if all tax bills are paid.
“We estimate a collection rate of 93 percent, so should actually receive about $830,978,” he said. “This money is used to pay back bonds that were approved to do previous building projects (in 2002).”