Fulton Sun

The Callaway County Commission Wednesday set the county tax rates to produce the same amount of money as last year’s tax rates.

The county’s adjusted assessed valuation dropped $1.3 million from the previous year.

The commission set the tax rates only a fraction of one cent higher than last year. The general revenue tax rate was changed from 0.3125 cents last year to 0.3131 cents this year per $100 assessed valuation.

The county road and bridge tax rate was changed from 0.2461 cents last year to 0.2466 cents this year per $100 assessed valuation.

The State Auditor’s office informed the county that its adjusted assessed valuation for 2011 was $702,336,496, compared to $703,663,173 in 2010.