Cadiz tax rates expected to rise very little
by Franklin Clark, Reporter -- fclark@cadizrecord.com
Aug 15, 2012 | 8 8 recommendations | email to a friend | print
<i>Franklin Clark/Cadiz Record<p>
Members of the Cadiz City Council heard about a variety of issues, including the city’s tax rates, when the met last Tuesday evening at Cadiz City Hall. Cadiz Public Works Director Kerry Fowler (center, background) talked about a proposed stoplight.</i>
Franklin Clark/Cadiz Record

Members of the Cadiz City Council heard about a variety of issues, including the city’s tax rates, when the met last Tuesday evening at Cadiz City Hall. Cadiz Public Works Director Kerry Fowler (center, background) talked about a proposed stoplight.

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Property tax rates in Cadiz will likely stay largely the same as they have for the past few years, Cadiz City Council members unanimously decided last Tuesday evening.

The City Council had a first reading on both real estate and motor vehicle “ad valorem” property tax rates, which were presented by Cadiz City Clerk Lisa Rogers. “This is the same rate that we have every year,” Rogers said about the motor vehicle tax rate, which will set to 26.20 cents per $100 of assessed valuation if approved next month.

The real property tax rate will be set at 0.264 cents per $100 of assessed valuation, while the personal property tax rate will be set to 0.334 cents per $100 of assessed valuation, if approved on second reading next month.

Rogers said the real property tax rate last year was 0.265 cents per $100 of assessed valuation, while the personal property tax rate last year was 0.331 cents per $100 of assessed valuation.

“This is based on our PVA (Property Valuation Administrator) tax assessments, and there’s a formula that we go by to calculate that,” Rogers said.

For the rest of this story, see this week's issue of The Cadiz Record or subscribe to our e-Edition by calling 270-522-6605.
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