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Excelsior Springs council adopts 2025 property tax levy after brief public hearing
Summary
After a short, advertised public hearing, the Excelsior Springs City Council approved Ordinance No. 25-09-09 to set the 2025 general and special property tax levies; staff said assessed valuation rose about 11% from 2024, generating modest reassessment revenue.
The Excelsior Springs City Council unanimously approved Ordinance No. 25-09-09 on Sept. 26 to levy general and special property taxes for tax year 2025 following an advertised public hearing.
City staff reported the assessed valuation for 2025 at $239,565,814, which they said represents roughly an 11% increase from 2024. Staff explained that, under the state-mandated rollback formula, when assessed value rises faster than the cost of living the tax rate must be adjusted to…
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