Copy of 2018-19 Tax Rate Hearing Notice
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Adrian R-III School District Tax Rate Hearing Notice
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A hearing will be held at 6:30 p.m., on Tuesday, August 21, 2018 at the Adrian R-III Board Room, Adrian, Missouri at which time citizens may be heard on the property tax rates proposed to be set by the Adrian R-III School District, a political subdivision.

The tax rates are set to produce the revenues from the property tax required by the budget for the fiscal year beginning July 1, 2018. Each tax rate is determined by dividing the amount of revenue needed by the current assessed valuation. The result is multiplied by 100 so the tax rate will be expressed in cents per $100 valuation.
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Assessed Valuation (AV) (by categories)Estimated Current Tax Year 2018Prior Tax Year 2017
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Real Estate$31,044,180$30,591,650
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Personal Property$12,440,272$11,853,699
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Combined Real Estate & Personal Property$43,484,452$42,445,349
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Less AV in Tax Increment Financing (TIF)
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Adjusted Assessed Valuation on Which Tax Revenue is Received$43,484,452$42,445,349
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New Construction & Improvements (Included in AV Total above)$1,714,897 $800,412
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The following Tax Rates are Proposed by Fund:Amount of Property Tax Revenues Budgeted (assumes 100% collection)Proposed Property Tax Rate (per $100)Amount of Calculated Property Tax Revenue From Prior YearProperty Tax Rate (per $100)
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Incidental$1,612,4473.7081$1,531,4713.6081
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Teacher$00.0000$00.0000
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Debt Service$348,8760.8023$340,5390.8023
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Capital Projects$00.0000$00.0000
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Total$1,961,323 $4.5104 $1,872,010 $4.4104
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Board of Education
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Total New Revenue:$80,976 Adrian R-III
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New Revenue from New Construction and Improvements:
$63,590 School District
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New Revenue from Reassessment:$17,386 Dave Knuth, President
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Percentage of New Revenue from Reassessment:1.1353% Don Lile, Superintendent
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*Estimates reflect the most accurate information provided by the County Clerks at the time of this posting.
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These figures are based on information available as of Monday, August 6, 2018. It is possible the estimate may change by the Tax Rate Hearing or that the Board of Education may make changes until September 1, 2018.
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