Public Notice - Setting of 2009 Property Tax Rate


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 17, 2009, 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.

Assessed Valuation:  
Real Estate1,634,516,1901,649,442,450
State and Local Assessed Railroads & Utilities (RE)13,242,83512,688,156
Personal Property282,195,770288,572,330
State and Local Assessed Railroads & Utilities (PP)2,860,5752,497,746
Total Assessed Valuation$1,932,815,370$1,953,200,682


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


$ 556,826 *

Proposed Tax Rate for 2009 $0.03 per $100 assessed valuation


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