NOTICE OF HEARING ON ESTABLISHING THE 2023 TAX LEVY FOR THE CITY OF EL DORADO SPRINGS, MO

NOTICE OF HEARING ON ESTABLISHING THE 2023 TAX LEVY FOR
THE CITY OF EL DORADO SPRINGS, MO

The City Council of El Dorado Springs, Missouri will hold a Public Hearing prior to establishment of the 2023 City tax levy. The Public Hearing will be held during the regular City Council meeting beginning at 5:30 p.m. Tuesday, August 22, 2023 in City Hall. All citizens and City taxpayers are invited to attend or to contact the City Clerk prior to the meeting to comment or ask questions about the 2023 tax levy.

2023 TAX REVENUE AND LEVY

2023 Assessed Valuation

Real Estate $ 24,140,150
Personal Property $ 12,601,364
Total $ 36,741,514

Tax Rates for 2023

Municipal Purposes (per $100.00) Tax Revenue

General Revenue 0.6240 $ 201,474
Band 0.1497 $ 48,612
Recreation 0.1000 $ 32,861
Park 0.2299 $ 73,897
Total 1.1036 $ 356,844

2022 Assessed Valuation

Real Estate $ 23,652.881
Personal Property $ 12,045.631
Total $ 35,698.512

Tax Rates for 2022

Municipal Purposes (per $100.00) Tax Revenue

General Revenue 0.6103 $ 200,658
Band 0.1468 $ 48,265
Recreation 0.0991 $ 32,582
Park 0.2258 $ 74,239
Total 1.0820 $ 355,744

The proposed 2023 rates were calculated according to guidelines set out by the various state laws governing the Statewide Reassessment and limits on revenue by Amendment 5 (Hancock Amendment to the Missouri Constitution). These rates are tentative and may be revised.