Wright City aldermen last week adopted a lower tax rate for 2025 compared to the previous year.
The rate was set at .8426 cents per $100 of assessed value. That included a levy of .4455 …
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Wright City aldermen last week adopted a lower tax rate for 2025 compared to the previous year.
The rate was set at .8426 cents per $100 of assessed value. That included a levy of .4455 cents for the general fund, .0827 cents for the park fund, .1655 cents for the street light fund and .1480 cents for the debt service fund.
The 2025 tax levy was unanimously approved at last Thursday’s board of aldermen meeting. A public hearing on the proposal was held at the start of the meeting. No one from the public spoke.
The 2024 tax rate was .8657.
Wright City’s assessed valuation in 2025 is $87.9 million in real estate and $22.4 million in personal property, totaling $110.3 million. In 2024, the city’s assessed value was $93.7 million ($73.6 million in real estate and $20.1 million in personal property).
This year’s tax rate is expected to generate $930,149.18 in revenue.
Though the tax levy is going down, some residents may see an increase in their taxes since the assessed valuations have gone up.
This is the fifth year in a row the city’s tax rate has not increased.
Early trash pickup in Royalwoods Estate subdivision
Residents in the Royalwoods Estate subdivision will start having their trash picked up earlier than normal following an amendment to the city’s contract with Grace Hauling.
Trash will now be collected beginning at 5 a.m. Jim Schuchmann, a subdivision representative, presented a petition from homeowners in the subdivision as well as an email from Grace Hauling agreeing to the change.
The subdivision recently had an asphalt overlay and Schuchmann said homeowners were concerned that the heavier trash trucks would damage the streets. The subdivision was previously one of the last stops for Grace Hauling, when the trucks weighed around 75,000 pounds.
The contract amendment was approved by a 4-0 vote.
The change will not affect any other subdivision or pickup routes in the city, officials noted.
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