| | | | | | | | | City of Independence | | AGENDA ITEM COVER SHEET |
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| | | | | | | | | BILL NO. 21-065 | Ord.No: 19261 |
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| | | | | | | | Agenda Title:
- 21-065 - 2R. An ordinance levying a tax on all real property subject to taxation on January 1, 2021, within the Corporate Limits of the City of Independence, Missouri, for General Revenue and Public Health and Recreation purposes, and for the Independence Square Special Business Benefit District; said levies and assessments being separate and distinct, all for the Fiscal Year commencing on the 1st day of July, 2021, and ending on the 30th day of June, 2022.
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| | | | | | | | Recommendations:
Hold Public Hearing and pass the amended ordinance. |
| | | | | | | | Executive Summary:
Proposed property tax rates to be set by the City of Independence for the fiscal year beginning July 1, 2021, based on the current assessed valuation by Jackson and Clay Counties must be considered by Ordinance before certification to the Counties. Before the Ordinance can be considered, the City must first hold a public hearing. |
| | | | | | | | Background:
The City's budget was adopted by City Council in June 2021. In order for the County to levy taxes, the City must first certify the amount needed for the City's budget. A notice of public hearing to hear citizens on the property tax was published on August 31, 2021.
Per RsMo 67.110 Each political subdivision located, at least partially, within a county with a charter form of government or within a city not within a county shall fix its ad valorem property tax rates as provided in this section not later than October first.
The first reading of the ordinance was completed at the 09/07/2021 Council meeting. The City received an updated valuation on 09/14/2021 that included the amounts the City would need to calculate a recoupment of taxes from 2019 and 2020.
Approved as Amended-9/20/21 |
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Fiscal Impact:
The City's 2021-2022 adopted budget includes property taxes of $8,452,000:
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| | | | | | | | | Department: Finance | Contact Person: Bryan Kidney |
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| REVIEWERS: | | Department | Action | | Finance Department | Approved | | Finance Department | Approved | | City Managers Office | Approved | | City Clerk Department | Approved |
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| Council Action: | Council Action: |
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