Tax Rate Hearing on August 16, 2021

Tax Rate Hearing on August 16, 2021
Posted on 08/03/2021

PETTIS COUNTY R-XII SCHOOL DISTRICT

            Dresden, Missouri

 

NOTICE

TAX RATE HEARING

 

A hearing will be held at 6:15 p.m., August 16, 2021, at 22675 Depot Road, Sedalia, MO (Dresden), at which time citizens may be heard on the property tax rates proposed to be set by the Pettis County R-XII School District.  The tax rates are set to produce the revenues which the budget for the fiscal year beginning July 1, 2021, 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

Year 2021

 

Prior Tax

Year 2020

 

 

 

Real Estate

$32,069,472

$31,865,218

Personal Property

$18,606,012

$22,240,168

Total

$50,675,484

$54,105,386

 

 

The following Tax Rates are Proposed and may be revised prior or to August 16, 2021, as additional information becomes available:

 

 

 

 

Fund

Amount of Property Tax Revenues Budgeted

 

Property

Tax Rate

(per $100)

 

 

 

Incidental

$1,400,000

$3.012

Debt Service

$0

$0

 

 

 

 

                                                                                                                                               

New Revenue from New Construction and Improvements:  $11,995

New Revenue from Reassessment:                                         $89,463

Percentage of Increase from Reassessment:                           +6.22%

 

Board of Education

Pettis County R-XII School District

Linda Harris, President

Diane Durrill, Board Secretary