The Warren County R-III School Board unanimously approved its tax rate for 2025 at its Aug. 28 meeting.
The board approved a total tax rate of $4.0280 per $100 of assessed value, which is …
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The Warren County R-III School Board unanimously approved its tax rate for 2025 at its Aug. 28 meeting.
The board approved a total tax rate of $4.0280 per $100 of assessed value, which is a decrease from their rate of $4.2795 per $100 of assessed value in 2024.
The real estate assessed value went up 17.49% as well as the personal property value with 13.54%, which brings a total of a 16.60% increase in value and a $442,092,980 total assessed value. This includes new construction.
The district’s assessed value went up $62,953,827 compared to last fiscal year which allowed for the decrease in the tax levy.
The board noted it was a reassessment year, which allowed an increase of 10.8475% in assessed value of existing property. This also includes an allowable increase of $422,067 in operating revenue from existing property.
The debt service and capital projects will remain unchanged at 0.6503 cents and 0.0814 cents, while the general funds will decrease from $3.5478 to $3.2963.
The district expects to receive $17.8 million as they had budgeted for $17,570,000.
The board held a public hearing on the tax rate, but there was no patron comments.
