Details for Jefferson R-7 School Tax Rate Hearing

Notice of Public Hearing
Jefferson County Reorganized School District R-VII

A public hearing will be held at 6:00 p.m., Wednesday, September 18,
2019, in the library of Jefferson High School during which citizens may
be heard on the property tax rates proposed to be set to produce the revenues
which the budget year beginning July 1, 2019, requires from the property tax.
The tax rate is determined by dividing the amount of revenue required by the
current assessed valuation. The result is multiplied by 100 so that the rate is
expressed in cents per $100 of assessed valuation.
ASSESSED VALUATION
Current Tax Year
Prior Tax Year 2nd Prior Tax Year
2019-2020
2018-2019
2017-2018
Real Estate - Residential
$
68,533,600 $
66,630,700 $
65,079,600
Real Estate - Agricultural
$
683,100 $
667,800 $
671,400
and Horticultural
Real Estate - Commercial
$
50,407,800 $
49,124,300 $
48,518,600
and Industrial
Personal Property
$
41,261,310 $
39,197,934 $
32,565,920
Locally Assessed RR & Utilities
$
18,955,018 $
23,258,280 $
23,393,405
(Commercial & Industrial)
Locally Assessed RR & Utilities
$
17,247,655 $
21,849,419 $
23,981,099
(Personal)
Total
$ 197,088,483 $ 200,728,433 $ 194,210,024
Proposed Tax Rates and Revenues

Maximum Rate
		 Considered
Prior
Prior
Fund
Revenue*
by District
Revenue* Tax Rate
Incidental
$ 7,516,757
3.8139
$ 7,467,699 3.7203
Special Revenue
$
0.0000
- 0.0000
Debt Service
$ 1,426,526
0.7238
$ 1,640,754 0.8174
Capital Projects
$
116,282
0.0590
$ 118,429 0.0590
Total
$ 9,059,566
4.5967
$ 9,226,882 4.5967
Total New Revenue:
$
0
New Revenue from New Construction and Improvements:
$ 48,853
New Revenue from Reassessment:
$
0
Percentage of New Revenue from Reassessment:		 0.0000%
*At 100% collection rate.
Final rate to be approved at hearing.
Board of Education, Reorganized School District R-VII, Jefferson County

Lori Andrews, Secretary

August 30, 2019

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