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Tax Rate Hearing Notice

August 03, 2020

Drexel R-IV School District

Drexel, Missouri

Tax Rate Hearing Notice


A hearing will be held at 6:30 p.m. on August 17th, 2020 at the Drexel R-IV School District Library Media Center 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, 2020 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 2020                   Year 2019


Real Estate                              $17,707,553                $17,020,533


Personal Property                    $ 5,232,077                 $ 5,084,211


Grand Total                             $22,939,630                $22,104,744



Proposed Tax Rate


Incidental        Teachers          Debt Service   Capital Projects          Total

$4.2097           $0.0000           $1.0672           $0.0000                       $5.2769


Anticipated Revenues


Incidental        Teachers          Debt Service   Capital Projects          Total

$965,690         $0.00               $244,811         $0.00                           $1,210,501



New Construction and Improvement Assessed Value in Current Year:          $404,529


New Revenue from New Construction and Improvements:                             $16,898

New Revenue from Reassessments:                                                                $25,580

Percentage of New Revenue from Reassessment:                                           2.7708%


Board of Education

Drexel R-IV School District

Jennifer Thomas, President

Kara Smith, Secretary

August 3, 2020

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