By Susan Redden
Globe Staff Writer
JOPLIN, Mo. —
A drop in the assessed value of Carthage real estate will translate to an increase of about 1.6 cents in the city’s proposed property tax rate.
The City Council will hold a public hearing on the proposed levy when it meets today. An ordinance to set the levy is scheduled for first-round review.
The plan calls for the council to set the levy at 74.99 cents per $100 assessed valuation. That’s up slightly from 73.38 cents for the current year. The assessed value of property in the city is down slightly, to just under $114 million compared with $115.3 million this year. Most of the loss is in the value of commercial real estate.
The proposed levy is estimated to generate $854,580. Of that amount, $396,008 will go to the general fund, $90,028 to public health, $170,825 to the parks and recreation fund, and $197,719 to the public library fund.
On a house with a market value of $100,000, the proposed levy translates to a real estate tax bill of $142.48, which is an increase of about $3 when compared with the current figure. Carthage does not collect a personal property tax.
Measures set for final action by the council include an ordinance outlining plans for the managed care of feral cats and an ordinance authorizing a contract with Blevins Asphalt Construction Co. for the city’s annual street paving program, at a cost of up to $108,000.
The council meeting is set for 7:30 p.m. at City Hall, 326 Grant St.