PUBLIC NOTICE

JUNE 11, 2018

 THE HUME R-VIII SCHOOL DISTRICT WILL HOLD A BUDGET HEARING AT THE SCHOOL ON JUNE 28, 2018 AT 7:45 P.M.

PUBLIC NOTICE

HUME R-VIII SCHOOL DISTRICT  

 2018 Tax Rate Hearing

The  Hume R-VII School District's Board of Education will hold a tax rate hearing at the Hume School in the teacher work room on August 15, 2018 at 7:45 P.M.  All interested parties are cordially invited to attend. 

Locally Assessed Valuation:

Year              County            Real Estate           Personal Property              County Total

2018              Bates             4,789,039             2,011,916                                  6,800,955

                      Vernon          1,212,680                450,041                                  1,662,721

                                          6,001,719               2,461,957                                  8,463,676

                                                                             New Construction                (- $53,499)

Adjustment is made for new construction that will go on the rolls next year.

ADJUSTED ASSESSED VALUATION TOTAL   $ 8,410,177

                                                       Tax Rate (proposed for 2018-2019)

Fund                      Property Tax Rate                   Amount of Property Tax Revenue Budgeted  

 Incidental                   4.9500 X 84,101.77=                                        416,303.76

Teachers                      0.00                                                                                     0.00

Debt Service               0.00                                                                                                   0.00

Capital Projects           0.3092 X 84,101.77 =                                                     26,004.27

Total                          $5.2592                                                                      $442,308.03

Locally Assessed Valuations:

Year             County             Real Estate           Personal Property             County Total

2017             Bates              5,044,796              2,259,202                          7,303,998

                     Vernon           1,200,700                 417,782                          1,618,482

                                             6,245,496              2,676,984                       $ 8,922,480

                                                                             New Construction        (- $ 69,438 )         

Adjustment is made for new construction that will go on the rolls next year.                                                                                                                         ADJUSTED ASSESSED VALUATION TOTAL  $8,853,042

Tax Rate ( proposed for 2017-2018)

Fund                      Property Tax Rate                   Amount of Property Tax Revenue Budgeted  

 Incidental                   4.5680 X 88,530.42=                                  404,406.95

Teachers                      0.00                                                                    0.00

Debt Service               0.00                                                                                  0.00

Capital Projects           0.3394 X 88,530.42=                                              30,047.22

Total                          $4.9074                                                               $434,454.17

Total New Revenue -                                                       $ 0

New Revenue from New Construction and Improvements -      $ 0

New Revenue from Reassessment -                                       $ 0

Percentage of  Revenue from Reassessment -                               0%

Note:  The proposed Tax Rate for 2018-2019 is 5.2592/$100 with 4.9500 of the revenue going into the Incidental fund and 0.3092 going into the Capital Projects fund.  This levy reflects taxing the equivalent of our Tax Ceiling of 5.2592 which was approved on June 5, 2007.

PUBLIC NOTICE POSTED AUGUST 6, 2018