NOTICE OF PROPOSED REAL PROPERTY TAX INCREASEThe City of Emporia proposes to increase property tax levies.1. Assessment Increase: Total assessed value of real property, excluding additional assessments due to new construction or improvements to property, exceeds last year's total assessed value of real property by 14.0 percent.2. Lowered Rate Necessary to Offset Increased Assessment: The tax rate which would levy the same amount of real estate tax as last year, when multiplied by the new total assessed value of real estate with the exclusions mentioned above, would be $0.82 per $100 of assessed value. This rate will be known as the "lowered tax rate."3. Effective Rate Increase: The City of Emporia proposes to adopt a tax rate of $0.89 per $100 of assessed value. The difference between the lowered tax rate and the proposed rate would be $0.03 per $100, or 3.0 percent. This difference will be known as the "effective tax rate increase."Individual property taxes may, however, increase at a percentage greater than or less than the above percentage.4. Proposed Total Budget Increase: Based on the proposed real property tax rate and changes in other revenues, the total budget of the City of Emporia will exceed last year's by 52.2% percent.A public hearing on the increase will be held on May 19th at City Hall Council Chambers at 6:30pm.C. All hearings shall be open to the public. The governing body shall permit persons desiring to be heard an opportunity to present oral testimony within such reasonable time limits as shall be determined by the governing body.D. The provisions of this section shall not be applicable to the assessment of public service corporation property by the State Corporation Commission.E. Notwithstanding other provisions of general or special law, the tax rate for taxes due on or before June 30 of each year may be fixed on or before May 15 of that tax year.Code 1950, § 58-785.1; 1975, c. 622; 1979, c. 473; 1980, c. 396; 1981, c. 212; 1984, c. 675; 1990, c. 579; 2007, c. 948; 2009, cc. 30, 511; 2016, cc. 657, 663.
