Gladstone Raises Personal Property Tax Levy To Maximum

By
Real Estate Agent with North Kansas City Real Estate, Reece and Nichols Residential

 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.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Location:
Missouri Clay County Gladstone
Tags:
fran white
kansas city north real estate
gladstone missouri raises personal property tax

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Ambassador
3,938,411
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

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.

Sep 03, 2008 02:06 PM #1
Ambassador
920,601
Missy Caulk
Missy Caulk TEAM - Ann Arbor, MI
Savvy Realtor - Ann Arbor Real Estate

yuck, 39% increase is terrible.

Sep 05, 2008 12:30 AM #2
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
96,314

Fran White

Kansas City North Real Estate, 816-682-3897
Ask me a question
*
*
*
*
Spam prevention

Additional Information