Legal
0318 0325
SCHEDULE OF PROPOSED LEVY RATES
GREENBRIER COUNTY BOARD OF EDUCATION
For the Fiscal Year Ended June 30, 2018
The above named county board of education, having ascertained that the amount to be raised by a levy of taxes for the purposes and within the limits prescribed by statute or authorized by voters, does hereby propose to adopt the following levy rates to be laid on each one hundred dollars of assessed valuation of each class of property:
Column E Current Expense Levy
Certificate of Valuation Levy Taxes
Assessed Value for Tax Purposes Rate/$100 Levied
Class I
Personal Property $ – 19.40 $ –
Public Utilities – –
Total Class I – –
Class II
Real Estate 846,813,560 38.80 3,285,637
Personal Property 2,559,662 9,931
Total Class II 849,373,222 3,295,568
Class Ill
Real Estate 388,711,330 77.60 3,016,400
Personal Property 214,961,311 1,668,100
Public Utilities 96,146,741 746,099
Total Class Ill 699,819,382 5,430,599
Class IV
Real Estate 143,799,760 77.60 1,115,886
Personal Property 64,685,359 501,958
Public Utilities 30,302,326 235,146
Total Class IV 238,787,445 1,852,990
Total Assessed Valuation and
Projected Gross Tax Collections $ 1,787,980,049 $ 10,579,157
Less Allowance for Uncollectibles, Exonerations and Delinquencies 3.50{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} (370,270)
Less Allowance for Tax Discounts 1.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} (102,089)
Less Allowance for Tax Increment Financing- see worksheet
(Subtracted from regular current expense tax levy only) (1,316,267)
Net Projected Tax Collections, before allowance for Assessor’s Valuation Fund 8,790,531
Less – Allowance for Assessor’s Valuation Fund 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} (175,811)
(Subtracted from regular current expense tax levy only)
Projected Net Taxes to be Collected $ 8,614,720
SCHEDULE OF PROPOSED LEVY RATES
GREENBRIER COUNTY BOARD OF EDUCATION
For the Fiscal Year Ended June 30, 2018
Excess Levy Permanent Improvement Bond Levy
Levy Taxes Levy Taxes Levy Taxes
Rate/$100 Levied Rate/$100 Levied Rate/$100 Levied
Class I
Personal Property 11.475 $ – – $ – 6.76 $ –
Public Utilities – – –
Total Class I – – –
Class II
Real Estate 22.95 1,943,437 – – 13.52 1,144,892
Personal Property 5,874 – 3,461
Total Class II 1,949,311 – 1,148,353
Class Ill
Real Estate 45.90 1,784,185 – – 27.04 1,051,075
Personal Property 986,672 – 581,255
Public Utilities 441,314 – 259,981
Total Class Ill 3,212,171 – 1,892,311
Class IV
Real Estate 45.90 660,041 – – 27.04 388,835
Personal Property 296,906 – 174,909
Public Utilities 139,088 – 81,937
Total Class IV 1,096,035 – 645,681
Total Assessed Valuation
and Projected Gross Tax
Collections $ 6,257,517 $ – $ 3,686,345
Less Allowance for
Uncollectibles, Exonerations
and Delinquencies 3.50{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} (219,013) 3.50{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} – 9.05{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 333,745
Less Allowance for Tax
Discounts 1.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} (60,385) 1.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} –
Projected Net Taxes to be
Collected $ 5,978,119 $ – $ 3,352,600
Total Projected Net Taxes
from Regular and
Excess Levies $ 14,592,839
SCHEDULE OF PROPOSED LEVY RATES
ALLOWANCE FOR TAX INCREMENT FINANCING
GREENBRIER COUNTY BOARD OF EDUCATION
For the Fiscal Year Ended June 30,2018
Column C Current Expense Levy
Roll Back Levy Taxes
Value Form Rate/$100 Levied
Class I
Personal Property $ – 19.40 $ –
Public Utilities – –
Total Class I – –
Class II
Real Estate 208,337,090 38.80 808,348
Personal Property – –
Total Class II 208,337,090 808,348
Class Ill
Real Estate 65,699,610 77.60 509,829
Personal Property – –
Public Utilities – –
Total Class Ill 65,699,610 509,829
Class IV
Real Estate 7,604,550 77.60 59,011
Personal Property 76,921 597
Public Utilities – –
Total Class IV 7,681,471 59,608
Total Value & Projected Revenue $ 281,718,171 $ 1,377,785
Less Allowance for Uncollectibles, Exonerations and Delinquencies 3.50{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} (48,222)
Less Allowance for Tax Discounts 1.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} (13,296)
Allowance for Tax Increment Financing 1,316,267