Valley Park tax rate hearing slated for Aug

Valley Park tax rate hearing slated for Aug. 20.
Valley Park will conduct its 2007 tax rate hearing at 7 p.m. Monday, Aug. 20, at City Hall. The hearing will precede a Board of Aldermen meeting. City Attorney Eric Martin said the residential real estate tax rate is being proposed to drop to 50 cents, from 54 cents, per $100 assessed valuation. The commercial rate is being proposed to drop to 78 cents from 88 cents. Martin said the city has had a 50 percent increase in new commercial construction this year. .