RICHMOND – City residents will see a 2-cent increase in their tax rate, from 1.1743 in 2018 to 1.1938 per $100 in valuation.
The increase will cover the city’s decision to pay Ray County to collect municipal taxes.
The tax change amounts to an increase of about $3.80 per year on a $100,000 house. The total tax bill on a $100,000 residence will be about $226 a year.
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