Commercial Property Tax Rates

	2005	2006	2007
City	0.7086	0.7086	0.7086
County	0.2789	0.2789	0.2789
School District	4.6863	4.6706	4.7089
State	0.0300	0.0300	0.0300
Surcharge**	0.6100	0.6100	0.6100
TOTAL	6.3138	6.2981	6.3364

*Commercial Property is assessed at 32% of fair market value.

*Residential Property is assessed at 19% of fair market value.

*The tax rate is applied to each $100 of assessed value.

*2007 Sales Tax in Columbia is 7.55%.

**Applies to Real Estate only.

City rate includes the library.

County rate includes Group Home & Road & Bridge.

Source: Boone County Assessor (updated 2/29/2008)

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