Public Notice - Setting of 2011 Property Tax
PUBLIC NOTICE
Under the provisions of Section 67.110 RSMo., notice is hereby provided that the members of the Chesterfield City Council will hold a public hearing at 6:45 p.m. on Monday, September 19, 2011, in the City Council Chambers at City Hall, 690 Chesterfield Parkway West. The purpose of the public hearing is to allow citizen input with regard to the real and personal property tax rate to be set to repay principal and interest on general obligation bonds for parks.
|  | 2011 | 2010 |
| Assessed Valuation: |  |  |
| Real Estate | 1,570,079,580 | 1,606,755,430 |
| State and Local Assessed Railroads & Utilities (RE) | 15,179,913 | 13,744,185 |
| Personal Property | 231,524,300 | 252,864,610 |
| State and Local Assessed Railroads & Utilities (PP) | 2,692,130 | 2,767,300 |
| Total Assessed Valuation | $1,819,475,923 | $1,876,131,525 |
| Amount of revenue to be provided for the repayment of general obligation bonds for parks |  |  $ 524,174 * |
|  |  |  |
| Proposed Tax Rate for 2011 |  | $ 0.03 per $100 assessed valuation |
* Revenue = (Assessed Valuation x .03/100) less 1% County Fee and 3% Uncollectible Allowance
For more information, please contact Kelly Vaughn, Director of Finance and Administration, at 636-537-4714 or kvaughn@chesterfield.mo.us