Public Hearing Notice - 2024 Tax Levy

NOTICE OF PUBLIC HEARING City of Odessa, Missouri A public hearing will be held at 7:00 p.m., August 26, 2024 at the Community Building, located at 601 W Main Street, Odessa, Missouri 64076, at which time citizens may be heard on the property tax rates proposed to be set by the City of Odessa, a political subdivision. The tax rates are set to produce the revenues which the budget for the fiscal year beginning April 1, 2024, shows to be required from the property tax. Each tax rate is determined by dividing the amount of revenue needed by the current assessed valuation. The result is multiplied by 100 so the tax rate will be expressed in cents per $100 valuation. Assessed Valuation Prior Tax Year Current Tax Year (by categories) 2023 2024 Real Estate $50,659,260.00 $51,515,548.00 Personal Property $14,408,451.00 $14,636,456.00 Railroad & Utilities State $707,895.00 $647,213.00 Local $17,460.00 $2,111.00 TOTAL $65,793,066.00 $66,801,328.00 2023 TAX LEVY INFORMATION Amount Generated Levy GENERAL FUND $404,614.00 $0.6057 PARK FUND $106,748.00 0.1598 $511,362.00 $0.7655 CITY OF ODESSA Mayor and Board of Aldermen Submitted by: Karen Findora, City Clerk Published in The Odessan, Odessa, MO., August 15, 2024 Posted at City Hall, City of Odessa Website, www.cityofodessamo.com, August 8, 2024