Tax Rate Hearing Notice
August 04, 2021
Drexel R-IV School District
Drexel, Missouri
Tax Rate Hearing Notice
A hearing will be held at 6:30 p.m. on August 16th, 2021 at the Drexel R-IV School District Board of Education Conference 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, 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 for $100 valuation.
Assessed Valuation (by categories)
Current Tax Prior Tax
Year 2021 Year 2020
Real Estate $18,502,185 $17,702,233
Personal Property $ 5,164,233 $ 5,232,077
Grand Total $23,666,418 $22,934,410
Proposed Tax Rate
Incidental Teachers Debt Service Capital Projects Total
$4.2176 $0.0000 $1.0672 $0.0000 $5.2848
Anticipated Revenues
Incidental Teachers Debt Service Capital Projects Total
$998,154 $0.00 $252,568 $0.00 $1,250,722
New Construction and Improvement Assessed Value in Current Year: $598,996
New Revenue from New Construction and Improvements: $25,246
New Revenue from Reassessments: $ 6,269
Percentage of New Revenue from Reassessment: 0.6485%
Board of Education
Drexel R-IV School District
Jennifer Thomas, President
Kara Smith, Secretary
August 5, 2021
