The City of Clarkson officially set tax rates for the upcoming year after giving the public a chance to voice their opinions on the matter.
Tax rates will be up within the city, with real property rates rising to 8.4 cents per $100 of assessed value, and tangible property rates increasing to 9.64 cents per $100 of assessed value.
Vehicle and watercraft rates will remain steady at 10 cents per $100 of assessed value, just as they were previously.
City Commissioners were disheartened last month as they made the initial vote to up tax rates, even though Commissioner Bob Vincent noted, the increase is “not extreme.”
The rise comes as a result of a steep decrease in overall appraised property value within the city this year.
With the Property Valuation Administrator (PVA) reporting $1.89 million less in tangible property value within the city, the council had to make a choice between taking a seriously damaging blow to city funds or increasing rates to make up the difference.
The floor was open during the Monday, Oct. 12 city council meeting for any community members who wished to speak on the tax issue, but no one chose to comment.
A second reading was passed, setting the new rates officially.
Reach Brittany Wise at 270-259-9622 ext. 2014.