In 2005 Gladstone voters approved a 39-cent property tax increase.  That tax increase will begin showing up in your personal property tax bill this year.

The City Council has voted to set the city's 2008 tax levy at 93 cents per $100 of assessed valuation. So in other words if you buy a new car that cost $25,000 you are going to pay about 32.00 more in personal property taxes beginning this year.

This voter approved raise in taxes gave Gladstone leaders the authority to set the tax levy no higher than 93 cents per $100 of assessed valuation.  Up until this year Gladstone council decided to stay at the existing tax rate of 54-cents per $100 of assessed valuation.

The reason for the decision to raise it is unexpected expenses which includes the May 2 tornado which cost the city more than $357,000 in payroll costs and repairs to city-owned facilities.  In addition salt for road treatment went up $75,000 and fuel cost for city vehicles went up $71,000 over this past year.


Fran White, REALTOR®
Reece and Nichols Residential
816-682-3897
www.kansascity-realestate.net
www.franwhite.reeceandnichols.com

 

2 Comments on Gladstone Raises Personal Property Tax Levy To Maximum

SEP
03
2008
476,020 Points 54 Featured Posts Outside Blog

Fran, Taxes keep on going up and new items seem to keep on being added to the budget.  What we don't see is local, state and federal government looking at areas to cut back, or at political perks to their friends.

9:06pm • #1
SEP
05
2008

Leave a response…



(optional)
What does the graphic say?
 
Franaugust Rainmaker_large

Kansas City North Real Estate :: Fran White 816-682-3897

Kansas City North, MO

More about me…

North Kansas City Real Estate, Reece and Nichols Residential

Address: 260 NE Barry Rd, Kansas City, MO, 64155

Office Phone: (816) 682-3897

Cell Phone: (816) 682-3897

Email Me

<!-- Facebook Badge START -->Kansas City North Real Estate with Fran White

Promote Your Page Too<!-- Facebook Badge END --> < Page copy protected against web site content infringement by Copyscape Fran White's Profile
Fran White's Facebook profile
Subscribe in a reader

Grab this swicki from eurekster.com

<!-- Start of StatCounter Code -->
web analytics
<!-- End of StatCounter Code -->


Links

Archives

RSS 2.0 Feed for this blog

Find MO real estate agents and Kansas City North real estate on ActiveRain.