MORGAN COUNTY BOARD OF EDUCATION
SCHEDULE OF PROPOSED LEVY RATES
REGULAR CURRENT EXPENSE LEVY
2025-2026
The following is a true copy from the record of orders entered by MORGAN
COUNTY BOARD OF EDUCATION on the 18th day of March, 2025.
David Banks, Secretary of the Board of Education
Column E
Certificate of Valuation
Assessed Value Levy Taxes
Current Year for Tax Purposes Rate/$100 Levied
Class I
Personal Property — (19.40) $ —
Public Utility — $ —
Total Class I — $ —
Class II
Real Estate $940,656,140 (38.80) $3,649,746
Personal Property 3,179,907 12,338
Total Class II $943,836,047 $3,662,084
Class III
Real Estate $210,882,630 (77.60) $1,636,449
Personal Property 131.690,345 1,021,917
Public Utility 66,666,782 517,334
Total Class III $409,239,757 $3,175,700
Class IV
Real Estate $29,148,920 (77.60) $226,196
Personal Property 6,280,028 48,733
Public Utility 12,071,457 93,675
Total Class IV $47,500,405 $368,604
TOTAL VALUE &
PROJECTED
REVENUE $1,400,576,209 $7,206,388
Less Delinquencies, Exonerations &
Uncollectable Taxes 5.00% $360,319
Less Tax Discounts 2.00% $136,921
Less Allowance for Tax Increment Financing
(Subtracted from regular current expense taxes levied only) —
TOTAL PROJECTED PROPERTY TAX COLLECTION $6,709,148
Less Assessor Valuation Fund 2.00% $134,183
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of
Property Taxes for Budget Purposes $6,574,965
MORGAN COUNTY BOARD OF EDUCATION
SCHEDULE OF PROPOSED LEVY RATES (CONTINUED)
EXCESS LEVY PAGE
2025-2026
The following is a true copy from the record of orders entered by MORGAN
COUNTY BOARD OF EDUCATION on the 18th day of March, 2025.
David Banks, Secretary of the Board of Education
Column E
Certificate of Valuation
Assessed Value Levy Taxes
Current Year for Tax Purposes Rate/$100 Levied
Class I
Personal Property — (16.08) $ —
Public Utility — $ —
Total Class I — $ —
Class II
Real Estate $940,656,140 (32.16) $3,025,150
Personal Property 3,179,907 10,227
Total Class II $943,836,047 $3,035,377
Class III
Real Estate $210,882,630 (64.32) $1,356,397
Personal Property 131,690,345 847,032
Public Utility 66,666,782 428,801
Total Class III $409,239,757 $2,632,230
Class IV
Real Estate $29,148,920 (64.32) $187,486
Personal Property 6,280,028 40,393
Public Utility 12,071,457 77,644
Total Class IV $47,500,405 $305,523
TOTAL VALUE &
PROJECTED
REVENUE $1,400,576,209 $5,973,130
Less Delinquencies, Exonerations &
Uncollectable Taxes 5.00% $298,657
Less Tax Discounts 2.00% $113,489
NET AMOUNT TO BE RAISED
BY LEVY FOR BUDGET PURPOSES $5,560,984
3-26-2tm