Tax Rate Hearing Notice
July 19, 2022
Drexel R-IV School District
Drexel, Missouri
Tax Rate Hearing Notice
A hearing will be held at 6:30 p.m. on August 15th, 2022 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, 2022 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 2022 Year 2021
Real Estate $19,280,029 $18,502,185
Personal Property $ 6,036,229 $ 5,164,233
Grand Total $25,316,258 $23,666,418
Proposed Tax Rate
Incidental Teachers Debt Service Capital Projects Total
$4.2710 $0.0000 $1.0672 $0.0000 $5.3382
Anticipated Revenues
Incidental Teachers Debt Service Capital Projects Total
$1,081,257 $0.00 $270,175 $0.00 $1,351,432
New Construction and Improvement Assessed Value in Current Year: $1,899,381
New Revenue from New Construction and Improvements: $80,268
New Revenue from Reassessments: $ 847
Percentage of New Revenue from Reassessment: 0.0847%
Board of Education
Drexel R-IV School District
Jennifer Thomas, President
Sara Borden, Secretary
July 27, 2022
