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Economic Development

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County Economic Overview

2019 Economic Development Summit Presentation

Building Economic Development

2019 Economic Development Summit Presentation

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Table Rock Lake Chamber

Connect with the community and other businesses.

TRRP LOGO partner logos

The Table Rock Regional Partnership (TRRP) is a public/private partnership focusing on economic development efforts in Stone County, Missouri.  The founding partners are Table Rock Lake Chamber of Commerce, Stone County Commission, the City of Branson West, the City of Kimberling City, White River Valley Electric Cooperative and Table Rock Community Bank.  Other business stakeholders and municipalities are welcomed and encouraged to participate.

TRRP was formed in 2017 to address the needs and opportunities of new and existing business and advocate for a business-friendly environment throughout the county.  The partnership has become a member of the Springfield Regional Economic Partnership (SREP) to gain access to professional economic development resources.

Goals of the partnership include information from area businesses on challenges and opportunities, assisting businesses with issues through business support programs and developing a strategic plan for economic development efforts.

 

Business Retention and Expansion

The Table Rock Regional Partnership’s Business Retention & Expansion Program helps local businesses like yours: those that employ our residents and strengthen Stone County’s economy. Our partnership consists of Table Rock Lake Chamber of Commerce, Stone County Commission, the City of Branson West, the City of Kimberling City and Table Rock Community Bank. We provide companies with a single point of entry to a variety of business assistance resources.

How It Works

You'll meet with a representative from the Chamber's economic development team to identify the challenges and opportunities your business is facing. During this confidential meeting, we will ask you questions on a variety of topics including industry trends, workforce, legislative and government affairs, community services, and infrastructure, current operations, and future planning.

Based on that initial conversation, we will coordinate with the organizations and agencies that can help resolve your issues and open doors to programs such as:

  • Economic development incentives
  • Workforce training and financial assistance
  • Utilities, energy audits, and infrastructure
  • Interacting with local, state, and federal government
  • Import-export development assistance and international business development
  • Financing
  • Expansion project assistance
  • Business and management consulting
  • Networking and business development
  • Finding grant opportunities
  • Intern programs
  • Hiring quality employees

Why It's Easy

  • No hassle to participate - we do the legwork
  • Access the combined resources of many organizations working together
  • Take advantage of business support programs that help you improve your bottom line, grow, and create jobs
  • No cost to you
  • Find solutions to your business challenges

For more information contact Sheila Thomas at 417-739-2564 or sthomas@visittablerocklake.com.

Stone County Economic Development Resources

Stone County Stats

Median Household Income based on 2010

Median Household Income based on 2010 Census: $40,021
Average Household Income based on 2010 Census: $49,937
Median Family Income based on 2010 Census: $46,840
Average Family Income based on 2010 Census: $56,042

Educational Attainment for Stone County Residents Over 25 years Old:
Education Level - Numbers - Percent
Less than 9th Grade - 0,963 - 04.0%
Some High School - 2,749 - 11.4%
High School Grad (or GED) - 9,307 - 38.2%
Some College (No degree) - 6,069 - 25.1%
Associates Degree - 1,554 - 06.4%
Bachelors or More - 3,609 - 14.9%

Taxes

Property Tax In Missouri

Although other taxes have proliferated in recent years, the property tax remains a mainstay of local government finance in Missouri. It provides a major source of revenue for most local governments and will continue to be important to them.

The property tax gives local taxpayers a measure of control over their local governments. Local governments retain a greater measure of their autonomy when they can rely on property taxes. This tax provides a relationship to services received, such as police and fire protection and local streets, although it does so imperfectly.

Everyone pays this tax, either directly or indirectly, and its revenues would be very difficult to replace from other revenue sources.

More than 2,500 Missouri local governments rely on property taxes. They received more than $3.3 billion in property taxes in 1997. The taxes were levied on an assessed valuation of $54.4 billion, 25% of which was personal property and 75% was real estate. Because of new construction, and increased values, assessed valuations grew an average of 6% a year from 1985, when the first statewide reassessment was completed, to 1997. During that time, taxes levied grew by an average of 10% a year. The difference between those percentages is reflective of the tax rate increases adopted by local governments and their voters, and the creation of some new local governments.

How the Tax Is Determined.

The amount of property taxes imposed on any taxpayer is determined by two separate factors:

  1. The assessed value of their taxable property, as established by the local assessor, and
  2. The total of the tax rates that have been set by the several governing bodies of local governments where the property is located.

In setting values, the assessor is bound by laws and rules designed to assure that assessments are as 'uniform as possible. Once the assessor arrives at the total value of the taxpayer's taxable real and personal property, he/she calculates the portion that is assessed value by multiplying the total value by the percentages set in the law for each type of property.

Tax rates that have been set by the local governments taxing the property are multiplied by the assessed value and divided by 100. The result is the amount of tax levied against the property.

Property is assessed at differing percentages of value according to the type of property or its use. The statutes provide that all property improved by a structure which is used or intended to be used as a residence is to be classified as residential. The agricultural property must be devoted primarily to raising crops, livestock, dairying, etc.

Real property is assessed:
Residential 19.0% of Value
Agricultural 12.0%
All Other 32.0% of Value

Personal property is assessed:
Manufactured Homes 19.0% of Value
Farm Machinery, Livestock 12.0% of Value
Historic Cars, Planes .5% of Value
Crops (Grain) .5% of Value
Vehicles (Other) 33.3% of Value

Example: Homeowner's Tax Bill A home, owner with a $50,000 house and two cars worth a total of $15,000, living in an area where the tax rates levied by local governments (including the state 3-cent levy) total $5.70 per $100 assessed valuation, would have taxes calculated:

Home (full value) - $50,000 x 19%.0 = $9,500 (assessed value)
Car (full value) - $15,000 x 33.3% = $5,000 (assessed value)
Total Assessed Value = $14,500 Times tax rate per $100 x .0570
Tax levied = $826.50

To view the complete document of 'The Property Tax In Missouri' click on the following link: www.stoneco-mo.us

Stone County Population by Age – 2010 Census

Age - Number - Percent
0-18 -  6764 -  20.5%
19-29 -  3034 -  9.2%
30-54 -  9808 -  30.0%
55-69 -  8017 -  24.5%
70 + -  5063 -  15.5%

Missouri Department of Economic Development
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