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Kirksville finance director: reassessment push, CPI cap mean proposed levy drops to 0.6692
Summary
Finance Director Lacey King told the Kirksville City Council at a study session that the city’s proposed 2025 tax levy would fall to 0.6692 from last year’s 0.6902 because statewide reassessment raised overall taxable values and state law limits allowable levy increases to the lesser of assessed-value growth, the consumer price index or 5 percent.
Finance Director Lacey King told the Kirksville City Council at a study session that the city’s proposed 2025 tax levy would fall to 0.6692 from last year’s 0.6902 because statewide reassessment raised overall taxable values and state law limits allowable levy increases to the lesser of assessed-value growth, the consumer price index or 5 percent.
King said, “We're required to have the tax levy set by September 1,” and explained the arithmetic the city uses to arrive at a levy that will generate “substantially the same amount of tax…
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