There will be no change in the current tax levy rate for 2018 assessments, it was announced at the Monday night meeting of the Warrensburg City Council.

The maximum levy for the General Fund is 0.3608 per $100 assessed valuation, the maximum levy for the Park Fund is 0.1960 per $100 assessed valuation, and the levy for Debt Service is 0.5900 per $100 assessed valuation.

The total assessed valuation is $221,996,700 which would bring $800,964 in property tax revenues to the General Fund, $435,114 to the Park Fund, and $1,056,888 to Debt Service for a total of $2,292,965.

The estimated increase in revenue due to new construction is $45,231 for the General Fund and $21,960 for the Park Fund, for a total increase of $23,270. Increased tax revenues from value reassessment accounted for .1477% of the increase, $1,050 for General Fund, $570 for Parks, and $1,696 for the Debt Service which combine for a total of $3,315.
The levy impacts the City of Warrensburg economically in the following way, according to Director of Finance Matthew Lue:

General Fund $800,964, Parks & Recreation Fund $435,114, and Debt Service Fund $1,056,888.

The public hearings for all three facets of the property tax levy generated no public comments.

More From AM 1050 KSIS