COLUMBIA — The Columbia Library District Board of Trustees will convene Monday night to set its new tax rate, which will take effect next year.
The new tax rate the board will consider adopting would increase the rate from 29.72 cents per assessed valuation to 30.21 cents. The increase would bring the library’s revenue from $2,156,597 in 2011 to an estimated $2,237,960 for 2012.
The board will meet 5:30 p.m. Monday in the Virginia Young room of the Columbia Public Library. The meeting is open to the public.
Daniel Boone Regional Library Director Melissa Carr said that this increase is the maximum amount the board can raise taxes, based on a formula from the state auditor’s office.
In 2010, the board decided not to change the rate because of the slow economy. In 1999, Columbia residents within the Columbia Library District's boundaries voted a 32-cent tax per $100 of assessment valuation, which then became the district’s tax rate ceiling, Carr said.
If the board votes Monday to raise the tax to 30.21 cents per $100 of assessment valuation, it will increase the taxes paid on a $150,000 home by $1.43, Carr said.
The Columbia Library District is one of three houses under the Daniel Boone Regional Library system, but the district's Board of Trustee’s decision will only affect taxes within the district. Callaway County Library District and the Boone County Library District also fall under the Daniel Boone Regional Library system. Both of those districts will also hold tax rate meetings on Tuesday.
The Boone County Library District’s tax rate is currently 30.01 cents per $100 of assessment valuation. Members will vote on raising it to 30.36 cents, which is a $1 increase per year for a person with a home worth $150,000, Carr said.
The Boone County Library District's Board of Trustees will meet 5:30 p.m. Tuesday at the Columbia Public Library in the Virginia Young Room.
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