History Reassessment & Tax Rate 1960's: Minimum operating tax rate was $1.25. Higher tax rate could be voted, but must be reaffirmed by voters each year. Early 1970's: Tax rate approved above $1.25 was not subjected to annual reaffirmation vote. Prior to 1985: All classifications of property were to be assessed at 33.33% of value Late 1970's: (A) State auditor study indicated that average property was assessed at 10%. (B) School districts required to hold public hearings before setting annual tax rate. Early 1980's: (A) Cassily Lawsuit - filed in St. Louis County, questioned fairness of assessing new homes at one-third value but not changing values of existing homes. (B) Supreme Court ruled in favor of Cassily and ordered the legislature to fix the problem. 1982: Proposition C established 1% sales tax for education, one-half of proceeds was to be used to reduce the operating tax rate. Proposition C was an initiative petition sponsored by MSTA. 1985: Voters approved Constitutional Amendment sponsored by the legislature. (A) Personal property assessed at 33 1/3% of value. (B) Residential real property assessed at 19% of value. (C) Commercial property assessed at 32% of value. (D) Agricultural property assessed at 12% of value. (E) Property to be reassessed in odd-numbered years (agricultural property revalued by State Tax Commission but subject to legislative over-ride). (F) Taxing authority would have to lower operating tax rates whenever reassessment raised evaluations of existing property by more than the CPI (also raise rates if reassessment lowered existing property rates if current levy is less than tax rate ceiling. (G) Replaces the Merchants and Manufacturing tax with surtax on commercial property.
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History Reassessment & Tax Rate - MCSA · History Reassessment & Tax Rate 1960's: Minimum operating tax rate was $1.25. Higher tax rate could be voted, but must be reaffirmed by voters
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History Reassessment & Tax Rate
1960's: Minimum operating tax rate was $1.25. Higher tax rate could be voted, but must be reaffirmed by voters each year.
Early 1970's: Tax rate approved above $1.25 was not subjected to annual reaffirmation vote. Prior to 1985: All classifications of property were to be assessed at 33.33% of value Late 1970's: (A) State auditor study indicated that average property was assessed at 10%. (B)
School districts required to hold public hearings before setting annual tax rate. Early 1980's: (A) Cassily Lawsuit - filed in St. Louis County, questioned fairness of assessing new
homes at one-third value but not changing values of existing homes. (B) Supreme Court ruled in favor of Cassily and ordered the legislature to fix the problem.
1982: Proposition C established 1% sales tax for education, one-half of proceeds was to be
used to reduce the operating tax rate. Proposition C was an initiative petition sponsored by MSTA.
1985: Voters approved Constitutional Amendment sponsored by the legislature.
(A) Personal property assessed at 33 1/3% of value. (B) Residential real property assessed at 19% of value. (C) Commercial property assessed at 32% of value. (D) Agricultural property assessed at 12% of value. (E) Property to be reassessed in odd-numbered years (agricultural property revalued by State Tax Commission but subject to legislative over-ride). (F) Taxing authority would have to lower operating tax rates whenever reassessment raised evaluations of existing property by more than the CPI (also raise rates if reassessment lowered existing property rates if current levy is less than tax rate ceiling. (G) Replaces the Merchants and Manufacturing tax with surtax on commercial property.
1993 & 1994: SB380 required (also follow-up legislation): (A) School districts to have an incidental and teachers combined tax rate of at least $2.75 by 1995-96 (unless extremely high local assessed valuation). (B) Required the State Tax Commission to do studies in each county to see if assessors were assessing property properly and to use state funding to punish under-performers. (C) Required school districts to interrupt Prop C rollback at $2.75. (D) Allowed school districts to get voter approved Prop C rollback waiver.
1989: Voter approved Constitutional Amendment allowed school districts to approve
general obligation bond issues by a 4/7s approval vote if voted in any April or in even numbered years, August and November. (Other election dates still required 2/3s majority for approval.
Late 1990s: Voter approved Constitutional amendments:
(A) Raised operating tax rate school districts authorized to levy without voter approval from $1.25 to $2.75. (B) Allowed school districts to approve operating tax rates by a simple majority up to $6.00 (previous limit was $3.75). Tax rate above $6.00 must be approved by a 2/3s majority (previous limit above $3.75). (C) Increased general obligation bonding capacity from 10% to 15% or assessed valuation.
2000s: Legislation adopted by legislature:
(A) Required separate tax rates for residential, commercial, agricultural and personal property in St. Louis County. (B) Required school districts in first class Charter Counties to calculate a tentative tax rate in the spring based upon tentative information from the county assessor. (C) Requires that voluntary reduced operating tax rates can only be raised to the tax rate ceiling in non-reassessment years. (D) Requires that school districts publish in tax rate hearing notice the dollar amount and percentage change in tax dollars received due to reassessment and new construction. (E) Requires that tax rate increases approved by voters be adjusted by reassessment the summer following the tax rate election.
Consumer Price Index Pursuant to Section 137.073.4(1), RSMo, “…the state tax commission shall certify each year to each county clerk the increase in the general price level as measured by the Consumer price Index for All Urban Consumers for the United States, or its successor publications, as defined and officially reported by the United States Department of Labor, or its successor agency. The state tax commission shall certify the increase in such index on the latest twelve-month basis available on February first of each year over the immediately preceding prior twelve-month period in order that political subdivisions shall have this information available…. The table below summarizes the Consumer Price Index for All Urban Consumers (CPI) as certified by the Commission for the years listed.
Twelve Months Ending Change in the Consumer Price Index December, 2017 2.1% December, 2016 2.1% December, 2015 0.7% December, 2014 0.8% December, 2013 1.5% December, 2012 1.7% December, 2011 3.0% December, 2010 1.5% December, 2009 2.7% *December, 2008 0.1% April, 2008 3.9% April, 2007 2.6%
April, 2006 3.5% April, 2005 3.5% April, 2004 2.3% April, 2003 2.2% April, 2002 1.6% April, 2001 3.3% April, 2000 3.3% April, 1999 2.3% April, 1998 1.4% April, 1997 2.5% April, 1996 2.9% April, 1995 3.1% April, 1994 2.4% April, 1993 3.2% April, 1992 3.0% April, 1991 5.0% April, 1990 4.4% April, 1989 5.4% April, 1988 3.9% April, 1987 3.8%
April, 1986 1.6%
* Prior to legislation passed in 2008, CPI’s were certified as of the data available on June first each year.
State of Missouri Department of Elementary and Secondary Education
School Finance Section Estimated SARRU Revenue For The Operating Funds
Year: 2018-2019
District Code District Name
To Be Used on Line 2A of the District's
2018-2019 Tax Reduction Worksheet
(Before Prop C Reduction)
To Be Used on State Auditor's 2018 Form
A, Maximum Prior Year Revenue from
State Assessed Property
001-090 ADAIR CO. R-I 76,072.34 76,092.83
001-091 KIRKSVILLE R-III 796,739.24 796,953.80
001-092 ADAIR CO. R-II 57,338.04 57,353.48
002-089 NORTH ANDREW CO. R-VI 158,793.58 159,639.16
002-090 AVENUE CITY R-IX 79,020.80 79,524.45
002-097 SAVANNAH R-III 1,025,441.78 1,030,673.67
003-031 TARKIO R-I 313,508.47 313,508.47
003-032 ROCK PORT R-II 368,680.41 368,680.41
003-033 FAIRFAX R-III 150,898.72 150,898.72
004-106 COMMUNITY R-VI 239,780.23 239,799.80
004-109 VAN-FAR R-I 481,389.18 481,791.21
004-110 MEXICO 59 1,946,719.88 1,946,721.16
005-120 WHEATON R-III 40,663.61 40,663.61
005-121 SOUTHWEST R-V 77,559.67 77,559.67
005-122 EXETER R-VI 27,714.29 27,714.29
005-123 CASSVILLE R-IV 159,326.89 159,326.89
005-124 PURDY R-II 57,055.80 57,055.80
005-127 SHELL KNOB 78 15,597.83 15,597.83
005-128 MONETT R-I 372,941.97 372,941.97
006-101 LIBERAL R-II 198,414.60 198,493.76
006-103 GOLDEN CITY R-III 83,516.45 83,551.66
006-104 LAMAR R-I 566,832.33 567,058.47
007-121 MIAMI R-I 85,824.07 85,889.23
007-122 BALLARD R-II 62,901.06 62,948.81
007-123 ADRIAN R-III 339,558.95 339,816.73
007-124 RICH HILL R-IV 157,699.41 157,816.92
007-125 HUME R-VIII 86,993.74 87,044.01
007-126 HUDSON R-IX 26,445.79 26,465.87
007-129 BUTLER R-V 523,101.28 523,482.63
Report as of: 7/5/2018 9:52:15 AM Page 1 of 18
State of Missouri Department of Elementary and Secondary Education
School Finance Section Estimated SARRU Revenue For The Operating Funds
3. Assessed value of newly added territory obtained from the county clerk or county assessor
(a) 0 + (b) 0 = 0
(Real Estate) (Personal Property) (Total)
4. Adjusted current year assessed valuation
(Line 1 total - Line 2 total - Line 3 total) 10,000,000
5. (2017) Prior year assessed valuation Include prior year locally assessed valuation obtained from the county clerk, county Assessor, or
comparable office finalized by the local board of equalization. NOTE: If this is different than the amount on the prior year Form A, Line 1, then
revise the prior year tax rate ceiling. Enter the revised prior year tax rate ceiling on this year's Summary Page, Line A.
(a) 8,000,000 + (b) 2,000,000 = 10,000,000
(Real Estate) (Personal Property) (Total)
6. Assessed value of newly separated territory
obtained from the county clerk or county assessor
(a) 0 + (b) 0 = 0
(Real Estate) (Personal Property) (Total)
7. Assessed value of property locally assessed in prior year, but state assessed in current year
obtained from the county clerk or county assessor
(a) 0 + (b) 0 = 0
(Real Estate) (Personal Property) (Total)
8. Adjusted prior year assessed valuation
(Line 5 total - Line 6 total - Line 7 total) 10,000,000
For Political
Subdivision Use in
Calculating its Tax
Rate
9. Percentage increase in adjusted valuation of existing property in the current year over the prior year's assessed valuation
(Line 4 - Line 8 / Line 8 x 100) 0.0000%
10. Increase in Consumer Price Index (CPI) certified by the State Tax Commission 2.1000%
11. Adjusted prior year assessed valuation (Line 8) 10,000,000
12. (2017) Tax rate ceiling from prior year (Summary Page, Line A) 4.0000
13. Maximum prior year adjusted revenue from locally assessed property that existed in both years
(Line 11 x Line 12 / 100) 400,000
14. Maximum prior year revenue from state assessed property before reductions,
provided by the Department of Elementary & Secondary Education (DESE) 50,000
15. Total adjusted prior year revenue (Line 13 + Line 14) 450,000
16. Permitted reassessment revenue growth
The percentage entered on Line 16 should be the lower of the actual growth (Line 9), the CPI (Line 10), or 5%.
A negative figure on Line 9 is treated as a 0 for Line 16 purposes. Do not enter less than 0 or more than 5%. 0.0000%
17. Additional revenue permitted (Line 15 x Line 16) 0
18. Total revenue permitted in current year from property that existed in both years (Line 15 + Line 17) 450,000
19. Estimated current year revenue from state assessed property before reductions
The school district should use its best estimate. (i.e. same amount as Line 14, current year's Line 14 multiplied by the percentage
increase in state assessed valuation per the State Tax Commission, or using the best educated guess) If this amount declines
substantially from the amount on Line 14, provide written documentation to explain the reasons for such difference. 50,000
20. Total revenue permitted in current year from existing locally assessed property * (Line 18 - Line 19) 400,000
21. Adjusted current year assessed valuation (Line 4) 10,000,000
22. Maximum tax rate permitted by Article X, Section 22, and Section 137.073, RSMo (Line 20 / Line 21 x 100)
Round a fraction to the nearest one/one hundredth of a cent.
Enter this rate on the Summary Page, Line B. 4.0000
* To compute the total property tax revenues billed for the current year (including revenues from all new construction and improvements and annexed
property), multiply Line 1 by the rate on Line 22 and divide by 100. The property tax revenues billed would be used in estimating budgeted revenues.
Operating Funds
Computation of reassessment growth and rate for compliance with Article X, Section 22, and Section 137.073, RSMo.
Information on this page takes into consideration any voluntary reduction(s) taken in previous even numbered year(s). If in an even
numbered year, the political subdivision wishes to no longer us the lowered tax rate ceiling to calculated its tax rate, it can hold a
public hearing and pass a resolution, a policy statement, or an ordinance justifying its action prior setting and certifying its tax
rate. The information in the Informational Data, at the end of these forms, provides the rate that would be allowed had there been
no previous voluntary reduction(s) taken in an even numbered year(s).
Political Subdivision Name Political Subdivision Code
30-123-4567
Purpose of Levy
XYZ School District
(Form Revised 12-2017) Form A
INFORMAL TAX RATE CALCULATOR FILE Printed on: 7/18/2018
Form B (2018)
For School Districts Levying a Single Rate on All Property
Calculation of New Voter Approved Tax Rate or Tax Rate Increase
1. Date of election
2. Ballot language
Attach a sample ballot or state the proposition posed to the voters exactly as it appeared on the ballot.
3. Election results
(Yes) (No)
4. Expiration date
Enter the last year the levy will be in effect, if applicable.
5. New Proposition C waiver
Indicate whether the district obtained a new waiver to eliminate part or all of
the required Proposition C Reduction.
Indicate the election results on the Proposition C waiver
(Yes) (No)
6. Amount of increase approved by voters
(An "increase/Decrease of/by") OR a.
Stated rate approved by voters
(An "increase/decrease to") b.
For Political
Subdivision Use in
Calculating its Tax
Rate
7. Prior year tax rate ceiling or voluntarily reduced rate to apply voter approved increase to
(Summary Page, Line A if increase to an existing rate, otherwise 0)
8. Voter approved increased tax rate to adjust
(If an "increase of/by" ballot, Line 6a + Line 7, if an "increase to" ballot, Line 6b)
9. Adjusted prior year assessed valuation (Form A, Line 8)
10. Maximum prior year adjusted revenue from locally assessed property that existed in both years (Line 8 x Line 9 / 100)
11. Consumer Price Index (CPI) certified by the State Tax Commission 2.1000%
12. Permitted revenue growth for CPI (Line 10 x Line 11)
13. Total revenue allowed from the additional voter approved increase
from locally assessed property that existed in both years (Line 10 + Line 12)
14. Adjusted current year assessed valuation (Form A, Line 4)
15. Adjusted voter approved increased tax rate
This rate will allow the same revenue as applying the voter approved increased rate (Line 8) to the
prior year assessed value (Line 9) increased by CPI (Line 11).
(Line 13 / Line 14 x 100)
16. Amount of rate increase authorized by voters for the current year
Section 137.073.2, RSMo, allows taxing authorities that passed a voter approved increase after August 27, 2008,
to levy a rate that is the greater of the increase approved by voters (Line 8) or the adjusted voter approved increase (Line 15)
in order to generate substantially the same revenue that would have been generated by applying the voter approved increase
to the total assessed valuation at the time of the voter approval increased by the consumer price index (Line 11). Enter this
rate computed on the Summary Page, Line C if increasing an existing levy, otherwise, on the Summary Page,
Line BB if this is a new or a temporary rate increase.
(If Line 8 > Line 15, then Line 8, otherwise, Line 15)
XYZ School District 30-123-4567 XYZ School District
Since the prior year tax rate computation, some political subdivisions may have held elections where the voters approved an increase to an existing tax or
approved a new tax. Form B is designed to document the election.
Information on this page takes into consideration any voluntary reduction(s) taken in previous even numbered year(s). If in an
even numbered year, the political subdivision wishes to no longer us the lowered tax rate ceiling to calculated its tax rate, it can
hold a public hearing and pass a resolution, a policy statement, or an ordinance justifying its action prior setting and certifying its
tax rate. The information in the Informational Data, at the end of these forms, provides the rate that would be allowed had there
been no previous voluntary reduction(s) taken in an even numbered year(s).
Purpose of LevyPolitical Subdivision CodePolitical Subdivision Name
(Form Revised 12-2017) Form B
Printed on: 7/18/2018
INFORMAL TAX RATE CALCULATOR FILE Printed on: 7/18/2018
Form C (2018)
For School Districts Levying a Single Rate on All Property
Debt Service
Purpose of Levy
Debt Service Calculation for General Obligation Bonds Paid for with Property Taxes
1. Total current year assessed valuation obtained from the county clerk or county assessor
(Form A, Line 1 total) 10,305,000
2. Amount required to pay debt service requirements during the next calendar year
(i.e. Assuming the current year is year 1, use January - December year 2 payments to complete
the year 1 Form C) Include the principal and interest payments due on outstanding general
obligation bond issues plus anticipated fees of any transfer agent or paying agent due during the
next calendar year. 50,000
3. Estimated costs of collection and anticipated delinquencies (i.e. collector fees & commissions & assessment fund withholdings)
Experience in prior years is the best guide for estimating uncollectible taxes.
It is usually 2% to 10% of Line 2 above. 2,500
4. Reasonable reserve up to one year's payment
(i.e. Assuming the current year is year 1, use January - December year 3 payments to complete
the year 1 Form C) It is important that the debt service fund have sufficient reserves to
prevent any default on the bonds.
Include payments for the year following the next calendar year accounted for on Line 2. 45,000
5. Total required for debt service (Line 2 + Line 3 + Line 4) 97,500
6. Anticipated balance at end of current calendar year
Show the anticipated bank or fund balance at December 31st of this year (this will equal the
current balance minus the amount of any principal or interest due before December 31st
plus any estimated investment earning due before December 31st). Do not add the anticipated
collections of this tax into this amount. 25,000
7. Property tax revenue required for debt service (Line 5 - Line 6)
Line 6 is subtracted from Line 5 because the debt service fund is only allowed to have the
payments required for the next calendar year (Line 2) and the reasonable reserve of the
following year's payment (Line 4). Any current balance in the fund is already available to
meet these requirements so it is revenues required for debt service purposes. 72,500
8. Estimated revenue from state assessed property for debt service for the next calendar year
(January – December) - Must be estimated by the school district. In most instances a good
estimate would be the same amount as the state assessed revenues actually placed in the debt
service fund in the prior year. 5,500
9. Revenue required from locally assessed property for debt service
(Line 7 - Line 8) 67,000
10. Computation of debt service tax rate (Line 9 / Line 1 x 100)
Round a fraction to the nearest one/one hundredth of a cent. 0.6502
11. Less voluntary reduction by school district 0.0502
12. Actual rate to be levied for debt service purposes * (Line 10 - Line 11)
Enter this rate on Line AA of the Summary Page 0.6000
* The tax rate levied may be lower than the rate computed as long as adequate funds are available to service
the debt requirements.
The tax rate for debt service will be considered valid if, after making payment(s) for which the tax was levied, the bonds remain outstanding, and the
debt fund reserves do not exceed the following year's payments. Since property taxes are levied and collected on a calendar year basis (January -
December), it is recommended that this levy be computed using calendar year data.
30-123-4567XYZ School District
Political Subdivision CodePolitical Subdivision Name
(Form Revised 12-2017) Form C
INFORMAL TAX RATE CALCULATOR FILE Printed on: 7/18/2018
Informational Data (2018)
For School Districts Levying a Single Rate on All Property
Based on Prior
Year Tax Rate
Step 1 Ceiling as if No
Voluntary Reductions
Step 2 Submit a copy of the resolution, policy statement, or ordinance to the State Auditor's Office for review. were Taken
Informational Summary Page
A. Prior year tax rate ceiling (Prior year Informational Summary Page, Line F) 4.0000
B. Current year rate computed (Informational Form A, Line 22 below) 4.0000
C. Amount of increase authorized by voters for current year (Informational Form B, Line 16 below)
D. Rate to compare to maximum authorized levy (Line B if no election, otherwise Line C) 4.0000
E. Maximum authorized levy
Greater of the 1984 rate or most recent voter approved rate 4.0000
F. Tax rate ceiling if no voluntary reductions were taken in a prior even numbered year (Lower of Line D or E) 4.0000
Informational Form A
9. Percentage increase in adjusted valuation (Form A, Line 4 - Line 8 / Line 8 x 100) 0.0000%
10. Increase in Consumer Price Index (CPI) certified by the State Tax Commission 2.1000%
11. Adjusted prior year assessed valuation (Form A, Line 8) 10,000,000
12. (2016) Tax rate ceiling from prior year (Informational Summary Page, Line A from above) 4.0000
13. Maximum prior year adjusted revenue from locally assessed property
that existed in both years (Line 11 x Line 12 / 100) 400,000
14. Maximum prior year adjusted revenue from state assessed property before reductions, provided by DESE 50,000
15. Total adjusted prior year revenue (Line 13 + Line 14) 450,000
16. Permitted reassessment revenue growth
0.0000%
17. Additional reassessment revenue permitted (Line 15 x Line 16) 0
18. Total revenue permitted in current year from property that existed in both years (Line 15 + Line 17) 450,000
19. Estimated current year revenue from state assessed property before reductions, estimated by school district 50,000
20. Revenue permitted from existing locally assessed property (Line 18 - Line 19) 400,000
21. Adjusted current year assessed valuation (Form A, Line 4) 10,000,000
22.
4.0000
Informational Form B
7. Prior year tax rate ceiling to apply voter approved increase to
(Informational Summary Page, Line A if increase to an existing rate, otherwise 0)
8. Voter approved increased tax rate to adjust
(If an "increase of/by" ballot, Form B, Line 6a + Line 7, if an "increase to" ballot, Form B, Line 6b)
9. Adjusted prior year assessed valuation (Form A, Line 8)
10. Maximum prior year adjusted revenue from property that existed in both years (Line 8 x Line 9 / 100)
11. Consumer Price Index (CPI) certified by the State Tax Commission 2.1000%
12. Permitted revenue growth for CPI (Line 10 x Line 11)
13. Total revenue allowed from the additional voter approved increase
from property that existed in both years (Line 10 + Line 12)
14. Adjusted current year assessed valuation (Form A, Line 4)
15. Adjusted voter approved increased tax rate (Line 13 / Line 14 x 100)
16. Amount of rate increase authorized by voters for the current year
(If Line 8 > Line 15, then Line 8, otherwise, Line 15)
XYZ School District 30-123-4567 Operating Funds
Purpose of LevyPolitical Subdivision CodePolitical Subdivision Name
The percentage entered on Line 16 should be the lower of the actual growth (Line 9), the CPI (Line 10), or 5%.
A negative figure on Line 9 is treated as a 0 for Line 16 purposes. Do not enter less than 0, nor more than 5%.
Maximum tax rate permitted by Article X, Section 22, and Section 137.073, RSMo, if no voluntary reduction was taken
(Line 20 / Line 21 x 100)
This page shows the information that would have been on the line items for the Summary Page, Form A, and/or Form B had no
voluntary reduction(s) been taken in prior even numbered year(s). The information on this page should not be used in the current
year unless the taxing authority wishes to reverse any voluntary reduction(s) taken in prior even numbered year(s) and follows the
following steps in an even numbered year.
The governing body should hold a public hearing and adopt a resolution, a policy statement, or an ordinance justifying its
action prior to setting and certifying its tax rate.
(Form Revised 12-2017) Informational Data
To County Clerk (Name):
Name of County:
County District Code:
of school money necessary to maintain the public school for a term of 9 months, and certify that
the data shown are correct.
Name of President of Board of Education:
Name of Secretary of Board of Education:
Assessed valuation in this county as certified in accordance with Section 137.245, RSMo, or amended prior
to September 1.
2018 2019
Length of school term authorized is: Number of days 174 and 1,044.00 hours in session.
Yes No
X
¢ ¢ ¢
¢ ¢ ¢
¢ ¢ ¢
¢ ¢ ¢
¢ ¢
a. Pursuant to Section 137.073, RSMo.
b. Unadjusted levy is equal to the tax rate ceiling less a voluntary reduction. It is not reduced for Proposition C Rollback.
c. Adjusted levy - Reduced by Proposition C, Section 164.013, RSMo.
d. Operating Funds tax rate ceiling.
e. Debt Service fund ceiling.
Estimated Revenue from M & M Surcharge Tax in this county:
MO 500-0059 (Rev. 06/06)
Totals $4.6000 $4.6000 460.00 474,030.00$
Estimated Revenue from State Assessed Railroad and Utilities in this county: 55,500$
3. Debt Service e
4. Capital Projects
460.00
-$
60.000.6000$
0.00
0.6000$ 60.00
Article X, Section 11(C), Constitution of Missouri provides that in any school district where the Board of Education is not
proposing a higher tax rate for school purposes, the last tax rate approved shall continue and the tax rate need not be submitted
to the voters.
5,000$
1. Incidental d
2. Teachers
-$
0.00
60.00
0.00
4.0000$
0.6000$
0.00
Actual Tax Levy
(Adjusted Levy c
)
4.0000$
District Name: XYZ SCHOOL DISTRICT
A separate vote was cast in accordance with Sections 164.121, 164.131, 164.141, 164.151, RSMo, to provide for
a bond issue (where applicable).
Year Beginning July 1, Year Ending June 30,
Mailing Address:
In compliance with Section 164.011, RSMo, we the undersigned, hereby submit an estimate of the amount
Prop C Roll Back
-$
-$
N/A
N/A
Tax Rate a
Fund Unadjusted Levy b
-$
400.00
8/23/2018
-$
Signature of President of Board of Education: Date
Missouri Department of Elementary and Secondary Education
Division of Administrative and Financial Services
ESTIMATE OF REQUIRED LOCAL TAXES
(Submit to county clerk of each county where district has assessed valuation on or before September 1)
JANE DOE
10,305,000$
Signature of Secretary of Board of Education: Date
PATTY JONES
ABC
123-4567
1234 First Street
XYZ, MO 60000
SUSAN SMITH
Line Data Column C Calculation
2 Current Year Assessed Valuation (Form A - Line 1) 10,305,000$
3 Current Year Operating Tax Rate (Summary -Line J) 4.6000$
4 Current Year Revenue 474,030$ [=(L2*L3)/100]
5
6Amount of Operating Tax Increase approved either by voters or Board of
Education since Prior Year September 1.-$
7
8 Previous Year Assessed Valuation (Form A - Line 5) 10,000,000$
9 Previous Year Operating Tax Rate (Summary - Line A) 4.6000$
10 Previous Year Revenue 460,000$ [=(L8*L9)/100]
11
12 Additional Revenue Due to Increase In Voter Approved Tax Rate -$ [=(L6*L2)/100]
13
14New Construction And Improvements Assessed Value in Current Year (Form
A Line 2)305,000$
15
16
17 New Revenue 14,030$ [=((L2*L3)/100)-((L8*L9)/100)]
18 New Revenue minus voter approved revenue 14,030$ [=L17-L12]
19 New Revenue Due To New Construction 14,030$ [=(L9*L14)/100]
20 New Revenue Due to Reassessment -$ [=IF(L6=0,L17-L19,L17-L19-L12)]
21
22 Percent Increase Due to Reassessment 0.0000% [=(L20/L10)]
23
24 Public Hearing Notice Information25 New Revenue from new Construction and Improvements 14,030$ [=L19]
26 New Revenue from Reassessment 0 [=L20]
27 Percentage of new Revenue from Reassessment 0.0000% [=L22]
Tax Rate Hearing Notice Calculator
XYZ SCHOOL DISTRICT ABC, Missouri
NOTICE
TAX RATE HEARING A hearing will be held at 6:00 p.m., August 23, 2018, at 1234 First Street, XYZ,
Missouri, at which time citizens may be heard on the property tax rates proposed to
be set by the XYZ School District. The tax rates are set to produce the revenues
which the budget for the fiscal year beginning July 1, 2018, shows to be required
from the property tax. Each tax rate is determined by dividing the amount of
revenue needed by the current assessed valuation. The result is multiplied by 100
so the tax rate will be expressed in cents per $100 valuation.
Assessed Valuation (by categories)
Estimated
Current Tax Prior Tax
Year 2018 Year 2017
Real Estate $ 8,300,000 $ 8,000,000
Personal Property 2,005,000 2,000,000
$ 10,305,000 $ 10,000,000
The following Tax Rates are Proposed and may be revised prior to August 23, 2018 as additional
information becomes available:
Amount of
Property Tax Property
Revenues Tax Rate
Fund Budgeted (per $100)
Incidental $ 412,200 $ 4.0000
Debt Service $ 61,830 $ 0.6000
$ 474,030 $ 4.6000
New Revenue from New Construction and Improvements: $14,030
New Revenue from Reassessment: $0
Percentage of Increase from Reassessment: 0.0%
Board of Education
XYZ School District
Susan Smith, President
Patty Jones, Secretary
JEFFERSON CITY SCHOOL DISTRICT
Jefferson City, Missouri
NOTICE TAX RATE HEARING
A hearing will be held at 6:00 p.m., August 8, 2016, at 315 East Dunklin, Jefferson City, Missouri, at which time citizens may be heard on the property tax rates proposed to be set by the Jefferson City School District. The tax rates are set to produce the revenues which the budget for the fiscal year beginning July 1, 2016, shows to be required from the property tax. Each tax rate is determined by dividing the amount of revenue needed by the current assessed valuation. The result is multiplied by 100 so the tax rate will be expressed in cents per $100 valuation. The district is assuming a 97.5% collection rate for budgeting purposes.
Assessed Valuation (by categories) Estimated Current Tax Prior Tax Year 2016 Year 2015 Real Estate $ 1,003,711,081 $ 991,969,479 Personal Property 247,886,445 231,009,450 $ 1,251,577,526 $ 1,222,978,929 The following Tax Rates are Proposed and may be revised prior to August 8, 2016 as additional information becomes available: Amount of Property Tax Property New Revenue Revenues Tax Rate New Reassess- Percent From Fund Budgeted (per $100) Construction ment _ Reassessment Incidental $ 41,978,000 $ 3.4400 $ 1,179,332 ($ 196,741) -0.4682% Debt Service 3,136,000_ $_ 0.2570_ _88,107 _ ($ 14,609) _ -0.4648% _ $ 45,114,000 $ 3.6970 $ 1,267,439 ($ 211,350) -0.4680%
Board of Education Jefferson City School District
John Ruth, President Stephanie Sappenfield, Secretary
The Jefferson City Public School District respectfully suggests that those
attending School District events and open meetings refrain from wearing fragrances.