Property owners in Branson will pay less property taxes this year because of increased property values due to construction and annexations.
Upon its second and final reading at the regular Board of Aldermen meeting on August 25, 2020, the Branson Board of Aldermen passed Bill No. 5843, establishing the Annual Levy of a property tax for General Revenue in the City of Branson, which will decrease the property taxes inside Branson City limits for the 2020 property tax. This property tax is due on December 31, 2020, to the Taney County Collector.
A property tax levy imposes a set percentage on property tax payers based on the value of their property. The levy for 2019 was .6077. When the Board of Aldermen voted to pass Bill No. 5843, they approved the current levy which is now set at .5688.
This will decrease the percentage of assessed valuation that residents and business owners will pay on property owned inside the City of Branson. For example, last year an owner of a $150,000 home would have paid $911.55 to the City of Branson. This year, with the decrease, the amount would be $853.20.