FOR IMMEDIATE RELEASE

City of Clayton to Hold Public Hearings on Proposed Property Tax Increase

CLAYTON — The City of Clayton has tentatively adopted a millage rate that would increase property taxes by 16 percent. City officials are inviting all concerned citizens to attend a series of public hearings to learn more and share their input.

Under the tentative proposal, the millage rate would rise to 7.721 mills, an increase of 1.065 mills. Without the proposed increase, the millage rate would be no more than 6.656 mills.

For a homestead property with a fair market value of $100,000, the proposed increase would amount to approximately $40.47 per year. For a nonhomestead property with a fair market value of $100,000, the increase would amount to approximately $42.60 per year.

Public Hearings

Three public hearings will be held to give residents the opportunity to comment on the proposed tax increase. Budget hearings will be held simultaneously to allow for public comment on a related budget amendment.

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Tuesday, September 29 at 10:00 a.m. — City of Clayton Council Room

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Tuesday, September 29 at 6:00 p.m. — City of Clayton Council Room

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Tuesday, October 13 at 4:30 p.m. — City of Clayton Council Room

All hearings are open to the public. Residents are encouraged to attend and voice their questions or concerns regarding the proposed millage rate and budget amendment.

For more information, please contact the City of Clayton.