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HomeMy Public PortalAboutORD16366BILL NO. 2023-029 SPONSORED BY Councilmember Hensley ORDINANCE NO. f Co 3601.9 AN ORDINANCE OF THE CITY OF JEFFERSON, MISSOURI, PROVIDING FOR THE LEVY OF CITY TAXES AND ESTABLISHING THE RATE OF TAXATION FOR THE CITY OF JEFFERSON, MISSOURI FOR THE CALENDAR YEAR 2023. BE IT ENACTED BY THE COUNCIL OF THE CITY OF JEFFERSON, MISSOURI, AS FOLLOWS: Section 1. There is hereby levied and assessed the following rate on all Real Estate and Personal Property, and other tangible property within the limits of the City of Jefferson, Missouri, not exempt from taxation by the Constitution or the laws of the State of Missouri, as shown by the assessment book of the City of Jefferson, Missouri for the year 2023. FIRST: For the purpose of paying all current expenses of the City of Jefferson, Missouri, for the fiscal year, the sum of $0.4600 on the one hundred dollar valuation. SECOND: For the purpose of creating and maintaining a Firemen's Retirement System for the Firemen of the City of Jefferson, Missouri, the sum of $0.0961 on the one hundred dollar valuation. Section 2. It shall be the duty of the Finance Director to assure that the County Clerk has caused to be extended to the appropriate columns opposite each item of taxable property in the assessment books, as returned by the Assessor of the County of Cole, Missouri, and corrected by the Board of Equalization, the amount of taxes to be paid by each person as provided by Section 1 of this Ordinance. This shall be done in accordance with the provisions of the contract previously entered into between the City of Jefferson and the County of Cole and the County of Callaway. Section 3. This Ordinance shall be in full force and effect from and after the date of its passage and approval. Passed: Presiding Offic ATTEST: a02-1 Approved: , �e)23 Mayor Ron ater APPROVED AS TO FORM: Cit /"ttorney N.T. Sunday, August 13, 2023 Sunday, August 20, 2023 Publisher’s Affidavit Requested to: Director of Finance NOTICE OF PUBLIC HEARING 2023 PROPERTY TAX LEVY CITY OF JEFFERSON, MISSOURI The City of Jefferson, Missouri, will hold a public hearing on Monday, August 21, 2023, beginning at 6:00 P.M. in the Council Chambers of the John G. Christy Municipal Building, 320 East McCarty Street, Jefferson City, Missouri 65101, to discuss the 2023 Property Tax Levy for the City of Jefferson. The following is the valuation and tax information: ASSESSED VALUATION INFORMATION 2023 2022 Real Estate Cole County $747,130,4251 $724,863,7802 Callaway County $8,497,2761 $8,455,2562 Personal Property Cole County $215,291,1831 $220,148,2882 Callaway County $11,781,1091 $11,632,2112 Total $982,699,993 $965,099,535 1 Values based on Cole and Callaway County 2023 assessed valuations. 2 Values based on Cole and Callaway County 2022 assessed valuations. PROJECTED TAX INFORMATION Fiscal Year 2024 Fiscal Year 2023 Increase/Decrease Tax Rate (per $100 valuation) General Fund 0.4600 0.4600 None Firefighters Retirement 0.0961 0.0961 None Estimated Revenue * General Fund $4,520,420 $4,439,458 Firefighters Retirement Fund $944,375 $927,461 * Actual amounts may vary based on collections.