Rolla City Council sets 2020 real estate tax levy
The Rolla City Council held a public hearing and first and final reading of an ordinance to establish the 2020 real estate tax levy for the city.
Rolla Finance Director Steffanie Rogers introduced the ordinance at the council’s meeting on Monday and said the proposed tax rate would stay the same as 2019, which is $0.7649 per $100 of real estate tax assessment.
Rogers said the city would collect a total of around $1.7 million in revenue, which would be shared between the city’s general fund, library fund and parks fund.
Rogers requested the first and final reading of the ordinance due to state law, which requires the real estate tax levy to be certified in the Phelps County Clerk’s office by Sept. 1.
Before the City Council voted to adopt the tax levy, Ward 2 City Councilor Ann Murphey asked what would warrant a change to the tax rate, since the city has had the same real estate tax levy for three years.
Rogers said the county assessor and collector provide information to the state that is used to calculate the tax rate. Most of the time, if the tax rate is going to increase, Rogers said it would be based on new construction.
Rogers added since Rolla does not have any personal property taxes, it allows the city to maintain the stability in its rates.
After no citizens commented during the public hearing, the council by a 12-0 vote passed the ordinance during its first and final reading, establishing the city’s 2020 real estate tax levy.
The projected revenues the city has budgeted for 2021 for the 2020 assessed valuation is $1.03 million for the general fund, $433,378 for the library fund and $255,645 for parks.