Stanford sets 2022-23 tax rates
Published 4:12 pm Monday, September 12, 2022
STANFORD – A public hearing for the City of Stanford’s proposed property tax rates was silent as no one from the public attended the meeting or voiced an opinion on the rates.
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The hearing for the proposed four-percent revenue increase was held Sept. 8 prior to the city council’s regularly scheduled monthly meeting.
Following the public hearing, the council voted to set the 2022-23 property tax rates.
According to city officials, the increase in the rate is needed due to the rising cost of operating the city, specifically the cost of fuel.
The council voted unanimously to set the rate for real and personal property at .127 (12.7 cents) per $100 of assessed property value. The anticipated revenue for real property is $273,179 and $34,484 for personal property.
The motion to pass the second reading was made by Council member Eddie Carter and seconded by Council member Ronnie Deatherage.
Last year’s real and personal property tax rates were .124 (12.4 cents) per $100 and generated about $258,984.
The tax rate for motor vehicles and water craft will remain .14 (14 cents) per $100 of assessed property value and is expected to generate $31,921.72 and $947.75, respectively.
In other business, the council:
• heard from Stanford Police Captain Ryan Kirkpatrick about body cameras for Stanford Officers. See next week’s edition of The Interior Journal for more information;
• voted to solicit bids for solid waste collection and disposal for all citizens of Stanford.
• Mayor Dalton Miller said the Bourbon Chase is in need of local volunteers. The event will be held Sept. 30 to Oct. 1. Miller said the 2022 Christmas Parade is scheduled for Dec. 3.