Details for Crystal City School Tax Rate Hearing

Updated

CRYSTAL CITY 47 SCHOOL DISTRICT
Tax Rate Hearing Notice

A public hearing will be held at 6:00 p.m., September 17, 2019 at the Office of the Superintendent,
1100 Mississippi Avenue, Crystal City, Missouri 63019 at which time citizens may be heard on the
property tax rates proposed to be set by the Crystal City 47 School District, a political subdivision.
The tax rates are set to produce the revenues from the property tax required by the budget for the fiscal
year beginning July 1, 2019. 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. (*Estimates reflect the most accurate information at the time of posting. Changes can
be made by the Board of Education at the Tax Rate Hearing and finalized by September 1st.
Assessed Valuation (AV) (by categories)

2019-20

Real Estate
Personal Property
Combined Real Estate & Personal Property
Less AV in Tax Increment Financing (TIF)

49,788,000
13,943,168
63,731,168
-

48,446,100
13,713,428
62,159,528
-

$63,731,168

$62,159,528

$274,340

$1,051,328

Adjusted Assessed Valuation on Which
Tax Revenue is Received
New Construction & Improvements
(Included in AV Total above)

2018-19

Amount of Property
Tax Revenues
Budgeted (assumes
100% collection)

Proposed
Property
Tax Rate
(per $100)

Amount of
Calculated Property
Tax Revenue
From Prior Year

Property
Tax Rate
(per $100)

2,585,765
509,849
$3,095,614

4.0573
0.0000
0.8000
0.0000
$4.8573

2,524,796
497,276
$3,022,072

4.0618
0.0000
0.8000
0.0000
$4.8618

The following Tax Rates are
Proposed by Fund:
Incidential
Teacher
Debt Service
Capital Projects
Total

Total New Revenue (operating Funds only):
New Revenue from New Construction
and Improvements:
New Revenue from Reassessment:
Percentage of New Revenues from Reassessment:

$60,969
$11,131
$49,838
1.97%

Board of Education
Crystal City 47 School District
Ken Holdinghausen, President
Linda Schilly, Secretary

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