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Finance presents preliminary tax‑levy options; council holds public hearing as county valuations remain unsettled
Summary
City finance staff presented preliminary property‑tax levy rates for fiscal 2026 and held the required public hearing. Staff said final rates will be set after final assessed valuations are received from Jackson and Clay counties; the presentation included levy estimates, a new debt‑service levy for GO bonds, and examples of homeowner impacts.
The Independence City Council on Sept. 2 held a public hearing on proposed property tax rates for the fiscal year beginning July 1, 2025, and heard a presentation from Finance Director Melissa Cabrera on preliminary levy rates and limits. The hearing reviewed preliminary levy components based on July assessed values: a general revenue levy of 0.3281 per $100 of assessed value; a parks and recreation levy of 0.1546 per $100; a proposed debt‑service levy of 0.1829 per $100 to support general‑obligation bonds; and a separate Independence Square business district levy of 0.5679 per $100. Cabrera noted these are preliminary rates pending final assessed…
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