County Commission approves levy rates

The Nodaway County Commission on Friday set property tax rates based on real estate, personal property, and railroad and utilities assessments for 2015.

Revenue produced by county property taxes is used to fund debt service, utilities and maintenance for the county Administration Center and to pay for services provided to senior citizens and people with cognitive and developmental disabilities.

The Administration Center levy was set at 12 cents per $100 of assessed valuation, and the levy for the Senior Citizen Fund and Senate Bill 40 Fund (disability services) was set at 5 cents per $100 of assessed valuation.

Those taxes will generate an estimated $158,000 each for seniors and the handicapped and $379,000 for the Administration Center.

The county’s total assessed valuation for 2015 is $316,602,828, up by $1.991 million (0.6 percent) from $314,611,450 in 2014.

Real estate valuations for 2015 are as follows: residential, $121,651,890, an increase of $1.1 million (0.9 percent) from $120,550,430 in 2014; agriculture, $34,997,350, up $1.839,210, a 5.5 percent increase from the $33,158,140 evaluation in 2014; commercial, $50,811,070, down $2,391,440, 4.49 percent, from $53,202,510 in 2014.

Personal property assessments for the new year totaled $84,525,818, increased by $942,135 (1.12 percent) from $83,583,683 the previous year, and the railroad and utilities assessment grew to by $510.013 (2.1 percent) to $24,616,700 this year, up from $24,116,687.