NOTICE OF PUBLIC HEARING

A public hearing will be held at 10:00 a.m., August 24, 2011, in the County Commission Chambers in the Courthouse, at which time citizens may be heard on the property tax rates proposed to be set by Callaway County.  The tax rates shall be set to produce the revenue which the budget for the year 2011 shows to be required from the property tax.  Each tax rate is determined by dividing the amount of revenue required by the current assessed valuation.  The result is multiplied by 100 so the tax rate will be expressed in cents per $100 valuation.

 ASSESSED VALUATION  (By Categories)

                                  CURRENT TAX  YEAR           PRIOR TAX YEAR 2010

Real Estate*                    $540,478,619                      $538,916,406                       

Personal Property*           $177,963,006                      $164,746,767

Total                               $718,441,625                       $703,663,173         

*Local assessed Railroad & Utilities included in above amounts.  State assessed Railroad & Utilities included in above amounts.

AMOUNT OF PROPERTY TAX REVENUE BUDGETED FOR 2010

General Revenue              $ 2,211,943         

Special Road & Bridge     $ 1,741,949                                    

MAXIMUM RATE APPROVED BY THE STATE AUDITOR

General Revenue               $ .3125     

Special Road & Bridge     $ .2461

PROPOSED TAX RATES FOR 2010 (PER $100)

General Revenue               $ .3125     

Special Road & Bridge     $ .2461

                                                                                        Gary Jungermann

                                                                                        Presiding Commissioner

                                                                                        Callaway County Commissioner