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Branson increases property taxes

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Branson aldermen on Aug. 28 approved the first reading of a bill to increase Branson’s property tax levy in 2007. If approved on second reading, the levy would be $.4942 cents per $100 of assessed valuation. According to the city, a home valued at $150,000 will pay $2.54 more in property tax for 2007.

Also at the meeting, aldermen approved, on first reading, the establishment of a community improvement district and neighborhood improvement district in and around the proposed Branson Commerce Park on State Highway 248. Property owners in that area made the request to the city.

Both districts are being formed to levy special property assessments, and a sales tax not to exceed 1 percent to fund improvements on the property.

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