City Council votes to approve new property tax rate for Jefferson City

COLUMBIA, Mo. (KMIZ)

The Jefferson City Council voted to approve a new city property tax rate.

During a special meeting held on Thursday, the vote on a property tax that is slightly lower than the current one was approved by all eight members at the meeting.

State statute requires the city to set property rates annually.

City staff said during the meeting that this was required after they already approved on Aug. 18, because the county tax rate was increased by more than 2.9%

The council approved the proposed tax rate of $0.5539.

The city is expected to collect about $40,000 more in revenue projections.

Councilmember Treaka Young and Randy Hoselton were not at the meeting in person.