Details for Grandview School Tax Levy

Grandview R-II School District Tax Rate Hearing Notice
A hearing will be held at 6:30 p.m., September 19th, 2019 at Grandview Middle School, 11470 Hwy. C, Hillsboro, MO
at which time citizens may be heard on the property tax rates proposed to be set by the Grandview R-II 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 October 1st.)
Assessed Valuation (AV) (by categories)
Real Estate
$
Personal Property
Combined Real Estate & Personal Property
Less AV in Tax Increment Financing (TIF)
Adjusted Assessed Valuation on Which Tax Revenue is Received
$
New Construction & Improvements (Included in AV Total above)
$

2019-20
45,303,000
$
12,609,290
57,912,290
-
57,912,290
$
198,800
$

Amount of
Property
Tax Revenues
Proposed
Budgeted
Property
(assumes 100% Tax Rate
collection)
(per $100)

2018-19
44,664,900
11,717,160
56,382,060
56,382,060
242,900

Amount of
Calculated
Property Tax
Revenue
Property
From Prior
Tax Rate
Year
(per $100)

The following Tax Rates are Proposed by Fund:
Incidental
$ 2,083,800		 3.5982
$ 2,028,739		 3.5982
Teacher
-		 0.0000
-		0.0000
Debt Service		 625,163		 1.0795		 608,644		 1.0795
Capital Projects
-		 0.0000
-		 0.0000
Total
$ 2,708,963 $ 4.6777
$ 2,637,383 $4.6777
Total New Revenue (operating funds only):
$
55,061
New Revenue from New Construction and Improvements:
$
7,153
New Revenue from Reassessment:
$
47,908
Percentage of New Revenue from Reassessment:		 2.3614%

Board of Education
Grandview R-II School District
Robert Gearhart, President
Jason Van Houten, Secretary

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