Board approves 2021 blended tax rate

Board approves 2021 blended tax rate
Posted on 09/22/2021
tax-rate-decreases-by-14-cents.jpgThe Mehlville Board of Education unanimously approved the 2021 blended tax rate of $3.6598 at its annual tax rate hearing on Tuesday, Sept. 21, 2021. The blended rate is about 14 cents less than the previous year of $3.8056. 

The blended rate is an average rate of the residential, commercial, agricultural and personal property tax rates. It includes the $0.04 temporary tax for Prop A, which ends in 2025. The rates include a 12-cent tax levy for Prop S general obligation bonds, which is offset by a 12-cent voluntary tax rate reduction (making Prop S a zero tax rate increase bond issue).

- Residential tax rate: $3.4431
- Commercial tax rate: $3.9025
- Agricultural tax rate: $4.4036
- Personal property tax rate: $4.5061  

This year, assessed value increased 6.5 percent compared to the 1.4 percent increase to the consumer price index. The Hancock Amendment limits tax revenues to increase only up to inflation, or the consumer price index (CPI). The additional increase of assessed values results in decreased tax rates, so the tax revenue does not increase more than inflation. The total tax revenue estimate for Mehlville School District is $77.9 million, up $1.8 million last year, or 2.3 percent. 

About Prop A and Prop S
Voters approved Prop A in April 2016. Prop A has a 10-year sunset, and funds are being used to complete roofing and HVAC projects throughout the district. Prop A progress is being tracked on the district website.

Voters approved Prop S in April 2021. Prop S funds are being used to fund projects to improve student safety and accessibility and complete deferred maintenance without increasing the tax rate. Prop S progress is being tracked on the district website.

Watch the tax rate hearing.
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