PUBLIC NOTICE - Setting of 2010 Property Tax Rate

PUBLIC NOTICE

Under the provisions of Section 67.110 RSMo., notice is hereby provided that the members of the Chesterfield City Council will hold a public hearing at 6:45 p.m. on Monday, August 16, 2010, in the City Council Chambers at City Hall, 690 Chesterfield Parkway West. The purpose of the public hearing is to allow citizen input with regard to the real and personal property tax rate to be set to repay principal and interest on general obligation bonds for parks.

 20102009
Assessed Valuation:  
Real Estate1,612,002,5201,594,795,670
State and Local Assessed Railroads & Utilities (RE)13,744,18513,201,798
Personal Property265,345,530275,452,730
State and Local Assessed Railroads & Utilities (PP)2,767,3002,813,987
Total Assessed Valuation$1,893,859,535$1,886,264,185

 

Amount of revenue to be provided
for the repayment of general
obligation bonds for parks
 

 

$ 545,602 *

   
   
Proposed Tax Rate for 2010 $0.03 per $100 assessed valuation

* Revenue = (Assessed Valuation x .03/100) less 1% County Fee and 3% Uncollectible Allowance

For more information, please contact Kelly Vaughn, Director of Finance and Administration, at 636-537-4714 or kvaughn@chesterfield.mo.us

_________________________
Kelly L. Vaughn
Director of Finance and Administration
8-3-2010