A. 23-081 An ordinance levying a tax on all real property subject to taxation on January 1, 2023, 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 Benefit District; said levies and assessments being separate and distinct, all for the fiscal year commencing on the 1st day of July, 2023, and ending on the 30th day of June, 2024.

Staff recommends approval of this ordinance.

Proposed property tax rates to be set by the City of Independence for the fiscal year beginning July 1, 2023, based on the current assessed valuation by Jackson and Clay Counties must be considered by Ordinance before certification to the Counties. 

The City’s budget was adopted with Ordinance #19453 by City Council June 20, 2023.  In order for the County to levy tax rates, 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.

Tax levies are based on assessed valuations approved by the County Board of Equalization.  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 tax revenue is projected as part of the FY 2023-2024 Operating Budget.

The recommended tax levies are as follows per $100 of assessed valuation:

Fund Amount

General Fund (002) $5,963,000

Health & Animal Levy (005) $870,620
Parks Health & Recreation Levy (007) $1,838,155

Total $8,671,775