Sunday, May 19, 2013

Latest local news, weather and high school sports for Tri-State area

Quincy adopts Tax Abatement Ordinance
Posted: 12.27.2010 at 9:42 PM
0

No tax rate increase for Quincy residents

Photo

Residents of Quincy should not see an increase in their tax rates for fiscal year 2011

The city council will adopt a Tax Abatement Ordinance Monday, December 27th.

Quincy Comptroller Ann Scott says that means the city will not have to levy some of the items it normally is required to levy.

And residents shouldn't see any increases.

"Our projected rate is going to show no increase from last year's rate, so most homeowners should not see any increase, unless they've had an increase in their EAV. So the homeowners should experience no increase, the city will get a little bit extra, about $156,000 extra, due to the EAV growth," said Scott.

This Tax Abatement Ordinance is for Fiscal year 2011 which begins in May.

Popular Stories
Thumbnail
Body of missing Rushville man found
Jeff Mondlock  |  Yesterday at 3:33 PM  |  1 comment
Thumbnail
Terrorism conspiracy charge for Fort Madison man
KHQA Newsdesk  |  Friday, May 17, 2013  |  9 comments
Thumbnail
Three Quincy residents arrested after Thursday night drug raid
KHQA Newsdesk  |  Yesterday at 4:34 PM
Follow Connect Tri-States
Get news and weather notifications on your phone by downloading the iPhone or Android app below
Sign up to get alerts and updates for breaking news, severe weather, and deals:
submit
ADVERTISEMENT
Special Features
Beauty & Wellness
Beauty and wellness info from our experts
Home & Garden
Home and garden info from our experts
Expert Connect Auto
Automotive info from our experts
Senior Living
Info on senior living from our experts
ADVERTISEMENT