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Council holds first reading of property tax levy ordinance; rates presented for fiscal year ending June 30, 2026
Summary
City finance staff presented proposed tax levy rates for fiscal year ending June 30, 2026: $0.3056 per $100 for general fund, $0.0573 per $100 for health fund, and $0.7283 per $100 for downtown special business district; council approved the first reading and staff said final rates may change after county Board of Equalization actions.
City finance staff presented proposed property tax levy rates at the Aug. 4 Cape Girardeau City Council meeting and the council approved the ordinance on first reading.
"The pro forma calculation in compute rates per $100 of assessed value are 0.3056 of a dollar for the general fund, 0.0573 of a dollar for the health fund, and…
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