Franklin County R-II School District - Tax Rate Hearing Notice

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A hearing will be held at 6:15 p.m. on August 29, 2012, at 3128 Hwy Y, New Haven, Missouri, at which time citizens may be heard on the property tax rates proposed to be set by the Franklin County R-II School District.

The tax rates are set to produce the revenues which the budget for the fiscal year beginning July 1, 2012, 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)

Estimated Current Tax Year 2012 Prior Tax Year 2011
Real Estate $18,546,366 $18,499,162
Personal Property $ 6,235,623 $ 6,523,714
  $24,781,989 $25,022,876

The following Tax Rates are proposed:

Fund Projected Property Tax Revenues Property Tax Rate (per $100)
Incidental $853,665 $3.4447

New Revenue from New Construction and Improvements:  $2,960
New Revenue from Reassessment: $0
Percentage of New Revenue from Reassessment:  0%