Notice of Budget and Tax Rate Hearing El Dorado Springs R-II School District El Dorado Springs, Missouri

A public hearing will be held at the El Dorado Springs R-II High School/Middle School Library Media Center in El Dorado Springs, Missouri, Thursday, August 26th, 2020 at 7:00 p.m., at which citizens may be heard on the property tax rates proposed to be set by the El Dorado Springs R-II District.  The tax rates shall be set to produce revenues which the budget for the 2020-2021 year 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, therefore the tax will be expressed in cents per $100 valuation.  Current Year Revenue amounts reflect a theoretical 100% collection rate.

Assessed Valuation       Current Year               Prior Year           Current Year

     (by county)                       2022                           2021             Operating Revenue

Cedar                                $79,857,753             $74,647,075               $2,619,696

St. Clair                                8,748,768                  8,246,979                    286,697

Vernon                                 13,967,641               12,693,809                    457,720 TOTAL                            $102,574,162             $95,587,863               $3,364,113

Assessed Valuation           Percent of Additional New

   (by categories)                          Revenue From

                                                        Reassessment

                                                                  7.6407%

Real Estate – Residential                     $45,606,560             $43,463,170

Real Estate – Agricultural                          8,712,931                  8,039,191          

Real Estate – Commercial                        14,898,110               13,682,598    

Local Assessed Utilities                                   79,067                        79,067      

Personal                                                       33,277,494              30,402,904

TOTAL                                                      $102,574,162            $95,587,863

      Value of                    Revenue To Be Received                    New Revenue from

New Construction        From New Construction                         Reassessment

      $871,530                                 $72,779                                           $233,631

The following tax rates are tentatively proposed**

                                                    Amount of Property                   Proposed Tax Rate

Fund                                               Tax Budgeted*                              (Per $100)**

#1 Incidental                                $2,978,531.00                                     $3.1770

#2 Teachers                                                   0.00                                    $0.0000

#3 Debt Service                            $   349,347.27                                    $0.5400

#4 Capital Projects                       $     87,118.42                                    $0.1000

TOTAL                                           $3,414,996.69                                     $3.8170

  *Includes projected collection of taxes at 85% collection rate.

**Tax rate subject to revision before September 1, 2021, if data changes significantly as a result of Board of Equalization.

Done by the order of the Board of Education, El Dorado Springs R-II School District, August 12, 2021, Josh Floyd, President.