The Hannibal City Council gave first reading Tuesday night to an “adjustment” of the city's property tax rate from $1.1577 to $1.2055.

The Hannibal City Council gave first reading Tuesday night to an “adjustment” of the city's property tax rate from $1.1577 to $1.2055.

“Although this may look like an increase in taxes, it is only an adjustment that the state allows for inflation and depreciation,” explained Karen Burditt, director of finance for the city, noting an assessment value decline in Ralls County contributed to the upward adjustment in the community's tax rate.

For every $100 of assessed value, approximately 77.44 cents will go to General Fund operations (fire protection, police protection, street repairs, engineering and code enforcement). Nearly 29.51 cents goes to the Library and about 13.6 cents will go to the Police and Fire Pension fund.

Hallie Yundt Silver, director of the Hannibal Free Public Library, reported the Library Board had approved the proposed tax rate earlier Tuesday.

According to Burditt, residential real property is assessed at 19 percent of true market value. Agricultural property is assessed at 12 percent of its productive or market value. Commercial/Industrial real property is assessed at 32 percent of true money value. Personal Property is assessed at 33.3 percent of its true value in money.

Burditt noted that additional tax revenue to the city comes from new construction and improvements.

In other business:

• An engineering agreement between the Parks & Recreation Department and Klingner & Associates was approved. Klingner, which will be supplying services pertaining to the renovation of the Huckleberry Park pond, will be paid $15,800.

• Angel Zerbonia, city clerk, provided an update on the list of city documents the state has said can be destroyed.

She reported that city staff will oversee the shredding and disposition of the records on Thursday, Sept. 17.

• A public hearing on a rezoning request at 109 Virginia St. was scheduled for 6:45 p.m. Tuesday, Sept. 5.

• Street closures were granted for the Toys for Tots Christmas in July Parade and Cruise-In. The events are scheduled Saturday, Aug. 26.

• The Crossing was granted the use of city-owned property along Bear Creek Trail for its Journey to Bethlehem on Dec. 1, 2, 8, 9 and 10.

• Street closures were approved for the annual block party hosted by Scott's Chapel UMC in the 1800 block of Hope Street. The event is scheduled Saturday, Sept. 16.

• Bill Fisher's appointment to the Board of Public Works Board was approved. His term expires in July 2021.

• The Board of Public Works' Safety Manual and Emergency Response Plan were approved and endorsed.

• Final reading was given a bill amending the Policeman & Firemen's Retirement Fund regarding disability benefits.

• Second and final reading was given a bill vacating the southwestern section of the Cruikshank alley in the McDonald’s Subdivision in the 800 block of Bird St. Vacating that section of alley had the recommendation of the Planning and Zoning Commission.

 

Reach reporter Danny Henley at danny.henley@courierpost.com