Hearings will be held in August and September for Riley Co’s revenue neutrality rate requirement.
RILEY CO., Kan. (WIBW) – Public hearings will be held in August and September for Riley County’s revenue-neutral rate requirement.
Beginning Aug. 10, the Riley Co. says the clerk’s office will send notices to county property owners to include estimated 2022 ad valorem taxes and public hearing information for their areas. He said the notice is not a tax invoice and no action or response is required for the information package only.
The county noted that the 2022 revenue-neutral rate public hearing will be held at 9:55 a.m. on Monday, Sept. 19, at the Riley Co. Commission Chambers, 115 N 4th St. in Manhattan.
The county said Kansas law now requires all taxing authorities to hold a public hearing and send notice to property owners if proposed budgets exceed the revenue neutral rate. He said revenue is neutral when a tax entity budgets the same amount of property tax revenue — in dollars — for the upcoming budget year as it does for the current year.
For example, the county said that if a taxing entity used $1 million in property tax revenue in 2022, natural revenue would mean it also planned to use only $1 million in 2023.
The county noted that if a taxing entity planned to use more property tax revenue in the next budget year — even $1 more — it would exceed natural revenue and a public hearing would be triggered.
According to the county, Kansas law allows local governments to levy property taxes. In addition to cities, townships and counties, he said taxing entities include special districts like schools, hospitals, fire departments, cemeteries, watersheds and libraries. Each entity that plans to use tax revenue in excess of its 2022 budget is required by the state to hold a public hearing.
For more information on upcoming public hearings, click HERE.
Copyright 2022 WIBW. All rights reserved.