SCHEDULE OF PROPOSED LEVY RATES
FAYETTE COUNTY BOARD OF EDUCATION
For the Fiscal Year Ended June 30, 2026
The following is a true copy of from the records entered by FAYETTE COUNTY BOARD OF EDUCATION on the 11th day of March, 2025.
Column E Current Expense Levy Excess Levy
Certificate of Valuation Levy Taxes Levy Taxes
Assessed Value for Rate/$100 Levied Rate/$100 Levied
Tax Purposes
Class I
Personal Property $ – 19.40 $ – 22.95 $ –
Public Utilities – – –
Total Class I – – –
Class II
Real Estate 722,761,440 38.80 2,804,314 45.90 3,317,475
Personal Property 7,007,878 27,191 32,166
Total Class II 729,769,318 2,831,506 3,349,641
Class III
Real Estate 179,631,665 77.60 1,393,942 91.80 1,649,019
Personal Property 258,762,922 2,008,000 2,375,444
Public Utilities 371,305,979 2,881,334 3,408,589
Total Class III 809,700,566 6,283,276 7,433,051
Class IV
Real Estate 147,300,010 77.60 1,143,048 91.80 1,352,214
Personal Property 77,199,831 599,071 708,694
Public Utilities 57,595,791 446,943 528,729
Total Class IV 282,095,632 2,189,062 2,589,639
Total Assessed Valuation and
Projected Gross Tax Collections $1,821,565,516 $11,303,844 $13,372,331
Less Allowance for Uncollectibles, Exonerations and Delinquencies
7.00% (791,269) 7.00% (936,063)
Less Allowance for Tax Discounts 2.00% (210,252) 2.00% (248,725)
Less Allowance for Tax Increment Financing –
see worksheet
(Subtracted from regular current expense tax levy only) (29,260)
Net Projected Tax Collections, before allowance for
Assessor’s Valuation Fund 10,273,063
Less – Allowance for Assessor’s Valuation Fund 2.00% (205,461)
(Subtracted from regular current expense tax levy only)
Projected Net Taxes to be Collected $10,067,602 $12,187,543
$2,255,145
Note: Copies of all approved excess and/or bond levy orders and certified copies of the canvass of votes must be on file with the State Auditor’s Office and the State Department of Education before excess or bond levy rates can be approved.
SCHEDULE OF PROPOSED LEVY RATES
ALLOWANCE FOR TAX INCREMENT FINANCING
FAYETTE COUNTY BOARD OF EDUCATION
For the Fiscal Year Ended June 30, 2026
The following is a true copy from the record of orders entered by FAYETTE COUNTY BOARD OF EDUCATION on the 11th day of March 2025:
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 160,900 38.80 –
Personal Property – –
Total Class II 160,900 –
Class III
Real Estate 2,775,780 77.60 21,540
Personal Property – –
Public Utilities – –
Total Class III 2,775,780 21,540
Class IV
Real Estate 972,150 77.60 7,544
Personal Property 389,168 3,020
Public Utilities – –
Total Class IV 1,361,318 10,565
Total Value & Projected Revenue $ 4,297,998 $ 32,105
Less Allowance for Uncollectibles, Exoneration and Delinquencies:
7.00% (2,247)
Less Allowance for Tax Discounts 2.00% (597)
Allowance for Tax Increment Financing 29,260
SIGNED THIS 11th DAY OF MARCH, 2025, BY
Gary Hough SECRETARY OF THE BOARD OF EDUCATION