Item Coversheet
City of Independence
BILL NO. 17-0921st R.

Agenda Title:

17-092 - 1R. An ordinance levying a tax on all real property subject to taxation on January 1, 2017, within the corporate limits of the City of Independence, Missouri, for general revenue and public health and recreation purposes, and for the Independence Square Special Business Benefit District; said levies and assessments being separate and distinct, all for the fiscal year commencing on the 1st day of July, 2017, and ending on the 30th day of June, 2018.

Staff recommends approval of this ordinance.

Tax levies for purposes of the Ordinance for 2017 are based on assessed valuations prior to adjustments approved by the Jackson County Board of Equalization. Since Independence is partially located in Clay County it must file its tax levies with the County Clerks by September 1st. Jurisdictions located only in Jackson County are allowed to files their tax levies by October 1st.

It is recommended that the 2017 General Revenue tax levy be set at $0.4764 per $100 of assessed valuation. The Public Health & Recreation tax levy be set at $0.2243 per $100 of assessed valuation. The 2017 levies total $0.7007. The total rate for 2016 was $0.7216.

The tax levy for the Independence Square Special Benefit District is recommended to be $0.5749 per $100 of assessed valuation.

Attached is detailed information regarding the tax levy setting process and the assessed valuations used to arrive at these tax levy rates.

Fiscal Impact:

The tax revenue is projected as part of the FY 2017-18 Operating Budget.

Department:          FinanceContact Person:          Brian C. Watson

Finance DepartmentApproved
Finance DepartmentApproved
City Council Mgmt AnalystApproved
Finance DepartmentApproved
Law DepartmentApproved
City Managers OfficeApproved
City Clerk DepartmentApproved

Council Action:          Council Action:         

2017 Tax Levy Preliminary ProformaBackup Material