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Aug. 31, 2011CHILLICOTHE, MO | By: Wayman
The Chillicothe City Council lowers the tax rate but still expects more revenue.
The city council has set the property tax rate at .8433 per one hundred dollars of assessed valuation, down just a fraction of a cent. Nearly 66 cents of that will go to the general fund. The parks and recreation budget will also see some of that revenue. The city estimates with construction and valuation, it will see about a $30,000 increase in revenues for city operations.