U City School Board to Set Tax Rate Tonight
The Board of Education for the School District of University City will meet at 5:45 p.m. tonight to set the district's tax rate.
The School District of University City is holding a special Board of Education meeting at 5:45 p.m. tonight to set the district's tax rate.
The board met last week for its regularly scheduled September meeting.
Here are the tax rates for 2011 and proposed for 2012. To see the complete guide put out by the School District, click here.
The 2012 operating tax revenue permitted is $25,572,978, up from $24,753,047 in 2011. The $819,931 increase is due in part to two factors:
- Increase from new construction/personal property: $184,147
- Increase from increasing tax rate: $635,784
The district's 2011 rates by fund are as follows:
- Incidental — $2.0843
- Teachers — $2.0843
- Capital Projects — $0.0665
- Debt Service — $0.7380
Assessed Values
| Residential | Commercial | Personal | Agricultural | Total | |
| 2011 Assessed Values | $485,821,820 | $56,720,520 | $58,931,320 | $0 | $601,473,660 |
| 2012 Assessed Values | $483,450,850 | $57,173,020 | $63,211,520 | $0 | $603,835,390 |
| Percent Change | -0.49% | 0.80% | 7.26% | o | 0.39% |
| New Construction | $176,610 | $0 | $0 | $0 | $176,610 |
| Percent of 2011 AV | 0.04% | 0.00% | 0.03% |
Operating Costs
| Residential | Commercial | Personal | Agricultural | Blended | |
| 2011 Operating Tax Rates | $3.9682 | $4.4691 | $4.9884 | N/A | $4.1154 |
| 2012 Operating Tax Rates | $4.0774 | $4.5876 | $5.1223 | N/A | $4.2351 |
| 2011 Total Rates | $4.7062 | $5.2071 | $5.7264 | N/A | $4.8534 |
| 2012 Total Rates | $4.8154 | $5.3256 | $5.8603 | N/A | $4.9731 |
* The proposed rates are subject to change due to Board action, the receipt of subsequent new Board of Equalization Assessed Values) or upon notice from the State Auditor's Office.
The meeting is open to the public.
