Details for Hillsboro Public School Tax Rate

NOTICE OF TAX RATE HEARING
A public hearing will be held at 6:30 p.m., September 24, 2019, at the
Hillsboro Learning Center, at which time citizens may be heard on the property
tax rates proposed to be set by the Hillsboro R-III School District. The tax
rates are set to produce the revenues, which the budget for the fiscal year
beginning July 1, 2019, 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 per $100 valuation.
Assessed Valuation (by categories)
Current
Tax Year 2019

Prior Tax
Year 2018

Real Estate
Residential
$ 208,810,600
$
Commercial		 19,661,900
Agriculture
1,683,600
Locally Assessed RR&U
129,080
Personal
Personal Property
$
61,374,750
$
Locally Assessed RR&U
31,266
Total
$ 291,691,196
$

203,929,800
17,197,800
1,654,900
131,311
58,165,746
242,509
281,322,066

The following Tax Rates are Proposed and may be revised prior to
October 1, 2019 as additional information becomes available:

Fund

Amount of Property
Tax Revenues
Estimated

Incidental
$
Debt Service
Capital Projects
$

10,316,534
2,863,533
291,691
13,471,758

Proposed Tax Rates
for 2019
per $100
$3.5368
.9817
.1000
$4.6185

New Revenue from New Construction and Improvements:
New Revenue from Reassessment:
Percentage of New Revenue from Reassessment:
Board of Education
Hillsboro Reorganized School District R-III
Lisa Welker, President
Beth Johnston, Secretary

$205,394
$182,644
1.7870%

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