The property tax rate in the city of Trenton for this year has been proposed at slightly over one dollar and four cents on the 100 dollars of assessed valuation.
That's the same rate as last year. It's based on a formula from the Missouri auditor's office.
The proposed rate includes nearly 88 cents on the 100 dollars of assessed valuation for the general fund and slightly over 16 cents on the 100 dollars for parks. Those figures are budgeted to produce 462-thousand dollars for general purposes, and nearly 85-thousand dollars for parks.
Assessed valuation in Trenton is nearly 56-point-four million dollars . That's up more than One-point-seven million dollars compared to last year.
Real estate assessed valuation at Trenton is more than 35 point-two million dollars. That's up 166-thousand dollars compared to last year.
Personal property assessed valuation at Trenton Is nearly 18-point-eight million dollars, an increase of more than one-point-one million compared to a year ago.
Local railroad and utilities assessed valuation is nearly two-point-four million dollars, an increase of 452-thousand dollars compared to last year.
New construction at Trenton this year is listed at more than 307-thousand dollars. Revenue derived directly from new construction at the proposed tax rate is about
A public hearing on the proposed tax rate at Trenton is the night of August 12th at 7 o'clock at city hall.