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Raymore staff project $717,000 near‑term loss if Missouri SB 3 tax freeze takes effect; council warned of long‑term debt pressure
Summary
City staff told the Raymore City Council on Monday that Missouri’s recently passed Senate Bill 3 would freeze real‑property tax liability at 2024 levels for some counties and that, if applied in Cass County, Raymore could lose an estimated $717,329 in collections over the near term and face larger long‑term debt service pressure.
City staff briefed the Raymore City Council on Monday on how Missouri Senate Bill 3 — passed in a special legislative session — could affect the city’s property tax receipts and debt service if county voters adopt the measure.
City staff member Fairborn summarized SB 3’s core effect as a freeze of the “real property tax liability” (the dollar amount of tax owed on property) based on a 2024 base year for counties classified by the law. He said Cass County is in the category that would be frozen at 0% increase over the base year and that the freeze would apply to residential property, including apartment complexes.
Finance staff presented numerical impacts the city calculated under conservative assumptions that hold the city’s levy and the assessed‑value formula constant. Staff reported a near‑term difference…
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