Tax Rate Hearing Notice
August 02, 2019
Drexel R-IV School District
Drexel, Missouri
Tax Rate Hearing Notice
A hearing will be held at 6:45 p.m. on August 19th, 2019 at the Drexel R-IV School District Board Room located at 207 S. Fourth Street, Drexel, MO at which time citizens may be heard on the property tax rates proposed to be set by the Drexel R-IV School District. The tax rates are set to produce the revenues that the budget for the fiscal year beginning July 1, 2019 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 for $100 valuation.
Assessed Valuation (by categories)
Current Tax Prior Tax
Year 2019 Year 2018
Real Estate $17,020,533 $15,554,897
Personal Property $ 5,084,211 $ 4,976,108
Grand Total $22,104,744 $20,531,005
Proposed Tax Rate
Incidental Teachers Debt Service Capital Projects Total
$4.1713 $0.0000 $1.0672 $0.0000 $5.2385
Anticipated Revenues
Incidental Teachers Debt Service Capital Projects Total
$922,055 $0.00 $235,902 $0.00 $1,157,957
New Construction and Improvement Assessed Value in Current Year: $422,233
New Revenue from New Construction and Improvements: $18,210
New Revenue from Reassessments: $18,363
Percentage of New Revenue from Reassessment: 2.0738%
Board of Education
Drexel R-IV School District
Jennifer Thomas, President
Kara Smith, Secretary