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Columbia City Council has first reading for tax ordinance City will have compensating rate for 2017 By Ed Waggener The Columbia City Council heard a first reading by Council Member Craig Dean of the tax ordinance setting the tax rate for 2017, which will be at the compensating rate, which amounts to $.259 on each $100 worth of lands, improvements, and personal property. City Clerk Rhonda Loy said that the compensating rate is a rate at which the city will receive the same revenue, exclusive of additional property added to the rolls. The ordinance which will become law following a second reading and approval of the city council, provides for a 2% discount for taxes paid on or before November 1, 2017, and all taxes not paid on or before January 3, 2018, will be delinquent and subject to a 10% penalty. This story was posted on 2017-09-07 16:00:19
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