Commission to hold tax rate hearing today

A public hearing regarding the proposed 2014 tax rates will be at the Cape Girardeau County Commission meeting at 9 a.m. today. The commission will vote to set the tax rates immediately after the public hearing. Last year, the commission set the property tax levy at $0.0447 per $100 assessed valuation, up from $0.038 in 2012. In Cape Girardeau County, property and sales taxes are linked. Property taxes are determined by a calculation from the state auditor's office, which considers the county's total assessed valuation and sales tax revenue. This method allows counties to use property taxes as a sort of safety net if sales tax revenue does not cover expenses. In 2013, county officials said rising expenses were to blame for the change in the property tax levy.

Pertinent address:

1 Barton Square, Jackson, MO