Republic to set lower tax levy thanks to higher valuation

The city of Republic experienced a rather large increase in assessed valuation which will likely spell  lower property tax levies. A 9-percent jump in assessed real estate value, equal to $17,628,927, means the levies will decrease to offset the gain. The likely $0.0411 decrease will put the levy at $0.5863. The breakdown of the property tax levies and the budget revenues follows: General Revenue, .4119, $875,144; Parks and Recreation, .1110, $235,860; and Street Lights, .0634, $134,607. The final levy will be .5863, with $1,245,611 in budgeted revenue.
A hearing was held on the matter during the Aug. 20 Republic City Council meeting, which was followed by the first reading of the ordinance that would set the aforementioned rates.
There was no input from the public during the hearing.
In the early moments of the meeting, Mayor Jeff Ussery presented sibling Boy Scouts each with a Republic Citizen Award for their volunteer efforts in Republic. As part of a scout project, Colton Quinn placed a flag drop box in J.R. Martin Park for residents to dispose of used flags, which was met with great response. Not to be outdone, his brother Nicholas Quinn developed a sensory garden at the Republic Rec Center that is used daily. Both were commended for their actions.
 

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Lawrence County Record

312 S. Hickory St.
Mt. Vernon, MO, 65712
www.lawrencecountyrecord.com

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