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News : Grundy County Commission Adopts Higher Tax Levy
Posted by Randy on 2013/8/21 7:27:19 (334 reads) News by the same author

With higher assessed valuation, the Grundy County Commission today adopted a higher tax levy while noting a drop in sales tax revenues.

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This years' levy will be 21 cents (.2109) on the 100 dollars of assessed valuation. That's up by four cents when compared to last year. Grundy county has a tax rate ceiling of nearly 39 cents (.3879). The sales tax rollback is nearly 18 cents (.1770) due to provisions tied to a general
county sales tax requiring a 50 percent rollback of revenue.

Assessed valuation in Grundy county is up more than five point nine million dollars from a year ago. It's now listed at more than 120 million, 537 thousand dollars. The greatest increases occur in personal property, railroad and utilities.

County Clerk Betty Spickard quoted the Missouri State Tax Commission as confirming the new assessment for railroad and utilities. Personal property, real estate, state and local assessments for railroad and utilities jumped up by more than three and a half milliondollars. Nearly all of that is due to the states' assessment. Much of the increase significantly affects Union Pacific Railroad and the K C P and L Greater Operations Company.

Personal property assessments in Grundy county are up by one point nine million dollars when comparing this year to last year. Figures show an increase of 459 thousand dollars in real estate. Again, the new assessed valuation numbers for Grundy county show real estate of 65 point six million; personal property topping 35 point two million; and railroad – utilities more than 19 point six million.

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