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PUBLIC HEARING - To Establish the 2016 Tax Levy for the City of Lee's Summit, Cass and Jackson Counties.
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KEY ISSUES:
The City Council is scheduled to consider an Ordinance to set the Property Tax Levies for the General Fund, Parks and Recreation Fund, and the Debt Service Fund, and the overall Property Tax Levy for the City of Lee's Summit for the calendar year 2016 on September 15, 2016. Prior to consideration of the Ordinance, a Public Hearing msut be scheduled to allow members of the public to provide their comments regarding the property tax levies to be set for those funds. The Public Hearing scheduled for September 15, 2016, is the required Public Hearing for the Property Tax Levies for calendar year 2016.
BACKGROUND:
Each year the City Council must set the tax levies to be applied to property within the City limits for the General Fund, the Parks and Recreation Fund, and the Debt Service Fund. The Cass County Assessor and the Jackson County Assessor provide the assessed values for all property located within the City limits, and state statutes require the City Council to set the tax levies by October 1. Once the tax levies are set, the assessed values and tax calculations are forwarded to the State Auditor's Office for review and certification of the tax levy rates. After the rates are certified by the State Auditor's Office, the assessed values and tax calculations, and the Ordinance setting the rates, are forwarded to the County Clerks of Cass and Jackson Counties, who certify the levies and forward them to the respective County Collector's Office for levy against the individual properties.
The State Statutes require the tax levies in First Class Counties be set by October 1 of each year, and, provide that if a reduction is made in a levy during the non-reassessment year, that levy rate becomes the maximum levy rate that can be imposed in the reassessment year. Therefore, the rate set this year, if a reduction from the maximum ...
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