001until next month. Um, and also due to some reporting complications from uh St. Louis County, I was not able to get reports uh from them to calculate recruitment. So, I will not be we will not be I am not proposing to levy recruitment this year as well. Um next we're going to look here at our rates that I am recommending for our operating levy. Um these are the rates by property class. So the first uh column there is for 2025 tax year and then it shows you the next column tax year for 2024 and then shows you the change. And so you'll see that in each property class the rate is going down slightly. And the reason why is because as your assessed value increases, you need less levy dollars dollars levied to meet the
002required or allowed tax revenue. So as your AV increases, you may see a decrease in your rates. And I actually have a chart a little bit further in the presentation where you'll see the trend of that happening um for us since 2015. So these rates right here are just for our operating levy. So they do not include our debt service levy. So you will see that um across the board except for in personal property there is a slight decrease in each one of our per uh our property classes with our blended rate um for next year being 3.1432 which is an overall decrease in our blended rate of 2342. Next you'll see the same chart but this chart now includes our debt levy service. So our debt levy service is 049 cents which is the
003same in tax year 25 as it was in tax year 24. So um you will see that in the change column there it remains the same as it was in the prior um in the prior uh chart because there is no change in our debt levy um for the 25 for the 25 tax year. So if when we take those our our total blended rate um I'm proposing the allocation of this this rate by different funds. So our first fund is our general fund and as a reminder that pays for our non-certified salaries and benefits, our supplies, our services and services. Um and I'm recommending that we uh we levy 1.084 um into that fund. And then we have our special, our teacher fund, which only pays for our certified salaries and benefits. And I'm
004recommending that we levy 2.0132 into that fund. And then we have our capital projects, which these this fund pays for our nonbond capital projects or a capital equipment. And so I'm recommending we levy 046 cents into that fund. And then we have our debt service, which has remained unchanged for the last 10 years. And I'm recommending that we levy 049 cents into point49 cents into that um fund which gives us our total blended rate of that $36 um 6332 cents. And as a reminder, I think what's really important to know from um from this screen is actually I'm getting ahead of myself. I'm talking about that screen. So once we talk um now that we know what the rates are and how we propose to levy them against each fund, what revenue will that generate?
005And this chart shows you what the what the revenue would generate if if it was collected at 100%. And we know that that is not an accurate picture. There is going to be some members of our community that maybe pay their tax bills late or not even at all. So we do have a historic uh collection rate of around 96 to 97%. So um that is what the revenue is represented in the second column is a property tax revenue at 96%. Um, and that shows you that then from each one of those funds, our grand total revenue for uh FY26 would be from personal from our pro local property taxes would be $246,4130 I mean two 246,41,139 which again is a representation of our blend rate blended rate of 3.6332. Um, I'd like to point
006out that this is overall about $7.4 million revenue growth from the prior year. Um, and that this means that on average for every penny that we levy, we collect $669,000. So, what is the impact on a homeowner? And so this is the chart that I was referencing earlier where you can see the trend of our tax rate versus our assessment years. So on a reassess reassessment year, which again those are the odd years, you'll see that the tax rate, which is represented by the green line, goes down. And then in the non-reassessment year, which is the even years, you'll see that the rate slightly goes back up. And this is because we have uh typically a higher assessment, you know, in the assessment years, our AV increases. And so again, it goes back to it
007takes less levy dollars to be able to collect the allowable revenue um that we are we are allowed to collect. And as a reminder, we're under the Hancock amendment, which means that as a school district, we can either collect 5% growth or CPI, whichever one is lower. And this year for tax year 2025, the CPI is 2.9%. So that's what our growth is based on. So if we take a sample homeowners tax bill, that's what this screen represents and it shows you the tax bill from one year to the next. So the top this top calculations are for tax year 2025 um with the bottom section being from the prior year. So what I just applied the general AV increase that we saw on average for each of those property classes. So you know for
008the homeowners we saw in general an AV increase of 13% in our overall property class minus construct minus the new construction. And we're assuming that this sample homeowner um didn't do any new construction and that this was just a existing property. Um, and then we saw then the cars, which is personal property, a decrease of that 2%. So they're we're assuming in the sample property that the the sample owner of the vehicle had a depreciating asset. So their their value decreased. So when you take their market value, you have to multiply it by the assessed value percentage. So for homes, that's 19% and for vehicles that's 33%. And when you get that value, you then divide it by $100 of assessed value. You times that by the rate for each one of those property classes
009and that gets you the tax bill. So as you see from the from 2025 to 20 and 2024 the difference or the increase that this sample tax owner will see is an increase of $127 to their overall tax bill real and personal. So are there any questions that I can answer for you tonight? say once again, uh, you know this stuff better than we do and and having just spoken with folks that do our audit, um, I'm confident in your work and what you presented, u I'd like to say it makes perfect sense, but I'm I'm not a I'm not an accountant, so I probably shouldn't say that, but I do appreciate you uh going in detail explaining how it it affects homeowners. >> Questions? >> Okay, >> thank you very much. >> This will
010be up for uh approval regular scheduled meeting. Uh but next up on uh the tax hearings agenda is 4.02 and that is an invitation uh for any public comments regarding the proposed tax rate. have any questions like >> I think we have a question have a question you're welcome to come up to the podium and and >> yes please stand >> well you the microphone will not pick you up unfortunately in >> Come on Samantha you can do I believe so. Yeah, >> our questions are kind of >> so I'm Samantha and I work at Parammont as a teaching assistant >> and I'm Allison at Puremont as well as a teacher. >> Um, okay. So, we are trying to understand what's what's happening. Is this um is this something that's going to be a decrease
011in funds for our district or is this No. Okay. Yes. >> Yep. Please. So, as you're so the the reason why you see a tax rate decrease is because um we're only allowed to collect a certain amount of revenue and so to collect a certain growth amount of revenue. And so once you reach that, you have to change your levy taxes wise, your those dollar amounts. Um actually, let me here this might help. I go to the So you'll see that um we're decreasing our tax levy rates, but that's because our assessed value has increased. And so if we were to charge the same rates as we did the prior year, we would collect more revenue than we're allowed to based on our growth. So even with this rate change decreasing, we're still going to
012see over $7 million increase in property tax revenue next year. Does that answer the question or do you need because I'm happy to there's actual equation I can I can show you if you'd like. >> You did you did answer the question and I am not as prepared as I should be but um there was something that I thought I heard where they were thinking of changing from property value to square footage and age of homes to take funds. Is that something that you or am I just like >> um I mean to tell you the truth, you're talking about like uh legislative bills that they've proposed. Yeah, there's been a lot of legislative bills proposed specifically around property taxes and personal property taxes. Um there was a special a special session that was um
013that that came and they they their big push was around property taxes. Um, and also with the other one that was a big push was uh removing or reallocating um money that was that came from uh the gambling industry into the formula and they were going to reallocate that to a different uh to a different uh bucket per se. Um but the square footage I've heard that I've heard that they want to change the percentage and how the AV is calculated but there's not been anything actually gone into effect yet. So um and the special session is out and so the new session will happen in the spring and so we'll we'll see what bills the legislators um propose and what if any any of them pass. >> Actually, I do know where I heard
014that from the Missouri Teachers Union >> like that was something that was put out >> um and I didn't know what was going on. I was trying to understand is this changing because this has been a decade's thing, right? Pulling from the property values. >> Yes. And as of right now, that is still that is still in place. There has not been any legislation that has that has passed that I am that I I am aware of. I hope there's nothing there, but no, I've not been made aware of any um any calculation that's changed that my state auditor calculation forms remain the same this year as prior year. Um my reports from the county this year for assessed value remain the same and I have not been notified of any change in how assessed
015value is is calculated um outside of those you know it's still the same percentages that have been in place for many many years. So, so 91% of our funding comes from >> comes from local taxes, which um 86% of that is specifically property taxes, property and personal taxes, but our full local is over 90%. >> So, that actually is considered state funing. Um And so that money goes through the state and then we get it um how school districts get it is through the through the formula the educational formula that they have um and it's part of what funds that formula specifically the cap the portion of it that is classroom trust formula. So um so it goes through the state formula process. So, if you are in a community though that does have a
016gambling center, so I I'm thinking of like the Hancock School District for example, um they receive um quite a few quite a bit of dollar amounts from them from their personal property assessment of that piece of from that piece of property. Um and so but then any money revenue that they pay taxes on from that goes through the state and then the school gets it through their through their foundation uh formula through the state money. Yes. >> So talk to your legislators. Local property taxes are very important to us. >> highly important. Exactly. >> Thank you. >> Public comments on the proposed tax rate. >> Thank you. Uh so may have a motion in a second to adjourn the annual tax rate hearing. All in favor? >> I opposed. Motion carries. 70. We will begin
017our regularly scheduled meeting in about 10 minutes.