The Trenton City Council will hold a public hearing on proposed property tax rates during its next regular meeting.
The hearing will be held at the Trenton City Hall the night of August 14th at 7 o’clock.
The property tax rate proposed by the city totals $1.05.8 cents per $100 assessed valuation.
The general fund would receive 89.3 cents per $100 valuation and the park fund would receive 16-1/2 cents.
The rates would generate an estimated $480,000 for the general fund and $88,500 for the park fund.
The assessed valuation for Trenton totals $58,139,925, is up$3,932,977 from last year. That includes real estate, personal property, and local railroad and utilities.
New construction totals $189,730.
Revenue derived directly from new construction at the proposed tax rate is anticipated to be $2,002.22.
