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Tax rates set for upcoming year

Tax rates set for upcoming year

September 12th, 2018 by Liz Morales, California Democrat reporter in Local News

The California Board of Aldermen held a public hearing Aug. 20 to discuss the 2018 tax levy. The board reviewed a general decrease in taxes from 2017. The total for the current tax year of 2018 was $49,500,503, up from last year's total of $49,819,255.

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An increase was found in the general funds for the county. The general fund held a rate of 0.4185 in 2017 while the calculated tax rate for 2018 is 0.4212.

The park fund also saw an increase from last year. In 2017, the fund honored a rate of 0.1652, the calculated tax rate for 2018 is .1663, totalling an increase of .5875 from last year's rate of 0.5837.

The tax rate calculation provided by the State of Missouri shows a slight increase in both General Revenue and Park tax rates.

General Revenue increased 0.0027 and Parks increased 0.0011.

Other public bodies recently setting tax rates include:

The Moniteau County Library District held a public hearing to discuss the 2018 tax levy. The assessed valuation of property for real estate was $149,611,824 and personal property at $49,290,940 with a total of $197,708,194. The tax rate is proposed to be $0.12 per $100 evaluation. This rate was approved by voters Nov. 7, 2017.

The Moniteau County SB40 Board held its public hearing Aug. 27 at the Learning and Vocational Center regarding the tax levy for the past year. The real estate estimated tax for 2018 is $150,386,498 down from 2017 with $149,790,806. Personal property for 2018 is $55,007,308 up from 2017 with $54,513,462. The property tax rate has increased from 0.1182 in 2017 to 0.12 in 2018. The anticipated revenue in 2017 was $241,487, in 2018 it increased to $246,473.

The Moniteau County R-1 School District held a public hearing Aug. 15 in the Library Media Room at California High School, where tax rates were set to produce tax revenues for the fiscal year beginning July 1. The estimated current tax for 2018-19 in real estate is $67,160,758, personal property is $24,127,428. The prior tax year of 2017-2018 had a tax estimation in real estate of $65,341,590 and in personal property of $22,962,573. The tax rate for the incidental fund is budgeted as $2.7790 per $100 for a total of $2,536,899. The tax rate for debt service is $1.1641 per $100 for a total of $1,062,686. The new revenue from new construction and improvements is $90,092.

The Mid-Mo Ambulance District held a tax levy hearing Aug. 15 at the district office in Tipton. The current year assessed valuation is $414,804,428 and personal property being $114,930,312. The assessed value of new construction and improvements for real estate was set at $6,314,820. The current year assessed valuation is $522,419,902. The maximum tax rate permitted was 0.1705 per $100 in 2017; 0.1800 per $100 in 2018. The maximum tax rate permitted per voluntary reductions in 2018 is $0.1800.

The Moniteau County Health Center held a public hearing regarding the tax levy at 401 S. Francis St. in California. The 2018 assessed valuation for real estate is $151,581,068 and personal property of $55,007,308. In 2017, the assessed valuation for real estate was $150,985,376 and personal property was $54,513,462. The tax rate ceiling is 0.1522. The estimated 2018 tax revenue is $312,609.37.

The Russellville-Lohman Fire Protection District held a public property tax hearing Aug. 8. The board found the assessed valuation of real property in Cole County to be $35,298,690 and $4,578,807 in Moniteau County for 2018. The assessed valuation for personal property in Cole County is $9,041,057 and $2,397,571 in Moniteau County for 2018. These values differ from 2017 when the assessed valuation of real property in Cole County was $35,364,447 and $4,331,223 in Moniteau County. The assessed valuation of personal property in 2017 for Cole County was $8,981,631 and $2,286,389 in Moniteau County. The board is proposing a tax rate of $0.3000 per one hundred dollars of assessed value. This rate will coincide with revenues of approximately $153,948 for operations in 2019.