CITIZEN STAFF REPORT

WARFIELD — The City of Warfield set its real estate and personal tangible property tax rates at 11.2 cents per $100 of assessed value.

That is an increase in real estate from last year’s rate of 10.1 and in personal tangible from last year’s rate of 9.55.

According to City Clerk Rhonda Price, property valuation in the city decreased by $53,000 this year. To receive the same amount in tax revenue, the city would require a compenating rate of at least 10.8 cents per $100 of assessed value.

Commissioner John Sammons recommended the city take the compensating plus 4% rate of 11.2.

The city will conduct the second reading of its tax ordinance at 6 p.m. Oct. 22.