Library board to vote Thursday on property tax rate increase

Wednesday, January 10, 2007 | 12:00 a.m. CST; updated 9:54 a.m. CDT, Friday, July 18, 2008

The Boone County Library District Board of Trustees will vote Thursday on whether to place a tax increase of 21 cents per $100 of assessed property value before voters this April.

The additional money would pay for the construction of two new library branches in north Columbia and Ashland and operating expenses for the libraries.

After discussing four options for increasing the tax rate, ranging from 20 to 22 cents per $100 of assessed valuation, the five board members decided Tuesday night to prepare legal documents for the third option, a tax increase of 21 cents per $100 of assessed property value.

The third option has a lower tax levy than options one β€” 22 cents β€” and two β€” 21.14 cents. Option four proposed the lowest tax increase, at 20 cents. If option four is selected, the proposed building for the north Columbia library would be 15,000 square feet. Under the other three plans, it would be 20,000 square feet.

Option three would raise the current levy of 29.86 cents to 50.86 cents per $100 assessed valuation. Kris Farris, public relations coordinator for the Daniel Boone Regional Library, said that the owner of a house assessed at $100,000 in the Boone County Library District would pay an additional $39.90 a year in taxes.

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