PUBLIC NOTICE

HUME R-VIII SCHOOL DISTRICT  

 2017 Tax Rate Hearing

The  Hume R-VII School District's Board of Education will hold a tax rate hearing at the school on August 9, 2017 at 7:45 P.M.  All interested parties are cordially invited to attend. 

Locally Assessed Valuation:

Year              County            Real Estate           Personal Property              County Total

2017              Bates             4,743,610              1,874,713                           6,618,323

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

                                            5,944,310              2,292,495                           8,236,805

                                                                             New Construction        -($   69,438)

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

ADJUSTED ASSESSED VALUATION TOTAL        $8,167,322

                                                       Tax Rate (proposed for 2017-2018)

Fund                      Property Tax Rate                   Amount of Property Tax Revenue Budgeted  

 Incidental                   4.5680 X 81,673.22=                                  373,083.26

Teachers                      0.00                                                                    0.00

Debt Service               0.00                                                                                  0.00

Capital Projects           0.432 X 81,673.22 =                                               35,282.83

Total                          $5.00                                                                   $408,366.09

Locally Assessed Valuations:

Year             County             Real Estate           Personal Property             County Total

2016             Bates              4,657,708              2,074,942                          6,732,650

                     Vernon           1,142,290                 438,338                          1,580,628

                                              5,799,998             2,513,280                       $ 8,313,278

                                                                             New Construction        - ($ 105,381)         

Adjustment is made for new construction that will go on the rolls next year.                                                                                                                         ADJUSTED ASSESSED VALUATION TOTAL  $8,207,897

Tax Rate ( proposed for 2016-2017)

Fund                      Property Tax Rate                   Amount of Property Tax Revenue Budgeted  

 Incidental                   4.5680 X 82,078.97=                                  374,936.73

Teachers                      0.00                                                                    0.00

Debt Service               0.00                                                                                  0.00

Capital Projects           0.432 X 82,078.97=                                    35,458.12

Total                          $5.00                                                                   $410,394.85

Year             County             Real Estate          Personal Property            County Total  

 2015            Bates                4,660,555            2,133,366                         6,793,921

                     Vernon             1,111,300            415,208                            1,526,508

                                              5,771,855            2,548,574                        $ 8,320,429

                                                                                                                  -($ 102,427)

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

                                     ADJUSTED ASSESED VALUATION TOTAL  $8,218,002                                 

Note:  The proposed Tax Rate for 2017-2018 is 5.00/$100 with 4.5680 of the revenue going into the Incidental fund and 0.432 going into the Capital Projects fund.  This levy reflects a voluntary roll back of 0.2592 from the Tax Ceiling of 5.2592 that was approved on June 5, 2007.

PUBLIC NOTICE POSTED JULY 20, 2017