Marceline R-V Schools

Marceline R-V

School District Tax Rate Hearing Notice

A hearing will be held at 5:30 p.m., August 19, 2024 at the Marceline High School Library, MO at which time citizens may be heard on the property tax rates proposed to be set by the Marceline R-V 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, 2024.  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.  If necessary, changes can be made by the Board of Education at the Tax Rate Hearing.)

Assessed Valuation (AV) (by categories)

2024-25

2023-24

Real Estate

$30,507,224

$29,737,677

Personal Property

$21,765,680

$20,797,714

Combined Real Estate & Personal Property

$52,272,904

$50,535,391

Less AV in Tax Increment Financing (TIF)

$0

$0

Adjusted Assessed Valuation on Which Tax Revenue is Received

$52,272,904

$50,535,391

New Construction & Improvements (Included in AV Total above)

$672,325

$120,261

The following Tax Rates are Proposed by Fund:

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)

Incidental

$2,114,178

$4.0445

$2,042,135

$4.0410

Teacher

$0

$0.0000

$0

$0.0000

Debt Service

$418,183

$0.8000

$404,283

$0.8000

Capital Projects

$0

$0.0000

$0

$0.0000

Total

$2,532,361

$4.8445

$2,446,418

$4.8410

Total New Revenue (operating funds only):

$72,042

Board of Education

New Revenue from New Construction and Improvements:

$66,342

Marceline R-V

New Revenue from Reassessment:

$5,701

Adam Stallo , President

Percentage of New Revenue from Reassessment:

0.28%

Candi Ervie , Secretary