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Smithville Aldermen Set 2025 Property Tax Levy Rate at 0.3607; Council Says Rate Is Maximum, Not Required Minimum
Summary
The Board approved an emergency ordinance fixing the city's 2025 property tax levy at a maximum rate of 0.3607, down from 0.3888; aldermen debated whether to set a lower rate to reduce taxpayer impact but concluded cuts to services could follow.
The Board of Aldermen voted to set the city's 2025 property tax levy at a maximum rate of 0.3607, a reduction from the previous numerical rate of 0.3888, after a public hearing and two readings of the ordinance.
City staff presenter Rick walked the board through the state-mandated levy process and showed how rising market values and assessed valuations affect taxable values. Using a hypothetical $300,000 house and a high-end market increase example, staff illustrated how assessed value changes can…
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