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Property tax levy to remain at six cents

Ivan Foley by Ivan Foley
September 20, 2019
in Local News
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The property tax levy for the county of Platte will remain at six cents per $100 of assessed valuation for the 2019 tax year.

That decision was officially made on Monday during the county commission administrative session. Commissioners unanimously voted to keep the tax levy where it is.

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Total assessed valuation within the county has risen in the past year, from $2,690,276,108 to $2,850,318,303.

The assessed value of new construction this year is $69,470,941.

Amount of revenue to be generated for the county with the six cent property tax levy is $1,710,191. The county largely is operated with revenues generated through sales taxes and use taxes.

The increase in revenue generated from reassessment is $54,342. The increase in revenue generated by new construction is $41,683.

Also on Monday, county commissioners set the property tax rate within Platte County Drainage District No. 1 at .0763 cents per $100 assessed valuation, the same rate as last year.

In addition, the commission set the property tax rate within the Platte County Road and Bridge district at 32.39 cents per $100 of assessed valuation. That is the same rate as last year.

Tags: platte countytaxes
Ivan Foley

Ivan Foley

Ivan Foley is owner/editor/publisher of the Platte County Landmark. Foley has been on the news beat in Platte County with The Landmark for 38 years, specializing in local government issues and accountability journalism. He has penned multiple award-winning investigative pieces. He provides weekly observations and editorial commentary in his Between the Lines column and serves as host of Landmark Live, a light-hearted videocast featuring newsmakers and events in the Northland. During his time at the helm of The Landmark, the newspaper has been awarded on multiple occasions for General Excellence in the Missouri Press Association’s Better Newspaper Contest. In 2016, Foley won the Tom and Pat Gish Award, a national honor given by the School of Journalism and Media at the University of Kentucky for displaying courage, tenacity and integrity in rural journalism. A big fan of the Chiefs and Royals, Foley resides in Platte County not far from KCI Airport.

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