SCHEDULE OF PROPOSED LEVY RATES
MARSHALL COUNTY BOARD OF EDUCATION
For the Fiscal Year Ended June 30, 2017
The following is a true copy from the record of orders entered by Marshall COUNTY BOARD OF EDUCATION
on the 22nd day of March, 2016.
Column E Current
Expense
Levy
Certificate of Valuation Levy Rate/ Taxes
Assessed Value for Tax Purposes $100 Levied
Class I
Personal Property $ – 19.40 $ –
Public Utilities – –
Total Class I – –
Class II
Real Estate 468,895,510 38.80 1,819,315
Personal Property 2,256,273 8,754
Total Class II $ 471,151,783 1,828,069
Class III
Real Estate 502,765,590 77.60 3,901,461
Personal Property 1,967,527,031 15,268,010
Public Utilities 741,794,601 5,756,326
Total Class III 3,212,087,222 24,925,797
Class IV
Real Estate 127,663,020 77.80 990,665
Personal Property 188,879,192 1,465,703
Public Utilities 26,777,110 207,790
Total Class IV 343,319,322 2,664,158
Total Assessed Valuation
and Projected Gross Tax
Collections $ 4,026,558,327 $ 29,418,024
Less Allowance for Uncollectibles,
Exonerations and Delinquencies 3.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} (882,541)
Less Allowance for Tax Discounts 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} (570,710)
Less Allowance for Tax
Increment Financing – see
worksheet (Subtracted from
regular current expense tax
levy only) (446,532)
Net Projected Tax Collections,
before allowance for Assessor’s
Valuation Fund 27,518,241
Less – Allowance for Assessor’s
Valuation Fund 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} (550,365)
(Subtracted from regular current
expense tax levy only)
Projected Net Taxes to be Collected $ 26,967,876
SCHEDULE OF PROPOSED LEVY RATES
MARSHALL COUNTY BOARD OF EDUCATION
For the Fiscal Year Ended June 30, 2017
Excess Levy Permanent Improvement Bond Levy Levy Rate/ Taxes Levy Rate/ Taxes Levy Rate/ Taxes $100 Levied $100 Levied $100 Levied
Class I
Personal Property 20.20 $ – $ – 1.74
Public Utilities – –
Total Class I – –
Class II
Real Estate 40.40 1,894,338 3.48 163,176
Personal Property 9,115 785
Total Class II 1,903,453 163,961
Class III
Real Estate 80.80 4,062,346 6.96 349,925 Personal Property 15,897,618 1,369,399
Public Utilities 5,993,700 516,289
Total Class III 25,953,664 2,235,813
Class IV
Real Estate 80.80 1,031,517 6.96 88,853
Personal Property 1,526,144 131,460
Public Utilities 216,359 18,637
Total Class IV 2,774,020 238,950
Total Assessed Valuation
and Projected Gross Tax
Collections $30,631,137 2,638,524
Less Allowance for Uncollectibles,
Exonerations and Delinquencies 3.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} (918,934) 3.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 0.19{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 4,949
Less Allowance for Tax Discounts 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} (594,244) 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c}
Less Allowance for Tax Increment Financing
Net Projected Tax Collections before Assessor’s Fund
Less – Allowance for Assessor’s Valuation Fund
Projected Net Taxes to be Collected $29,117,959 2,633,575
Total Projected Net Taxes from
Regular and Excess Levies $56,085,835
SCHEDULE OF PROPOSED LEVY RATES
ALLOWANCE FOR TAX INCREMENT FINANCING
MARSHALL COUNTY BOARD OF EDUCATION
For the Fiscal Year Ended June 30, 2017
The following is a true copy from the record of orders entered by
MARSHALL COUNTY BOARD OF EDUCATION on the 22nd day of March 2016.
Current
Expense
Column C Levy
Roll Back Levy Rate/ Taxes
Value Form $100 Levied
Class I
Personal Property – 19.40 $ –
Public Utilities – –
Total Class I – –
Class II
Real Estate 36,500 38.80 142
Personal Property – –
Total Class II 36,500 142
Class III
Real Estate 12,266,940 77.60 95,191
Personal Property 47,212,209 366,367
Public Utilities – –
Total Class III 59,479,149 461,558
Class IV
Real Estate 499,500 77.60 3,876
Personal Property 536,194 4,161
Public Utilities – –
Total Class IV 1,035,694 8,037
Total Value & Projected Revenue 60,551,343 469,737
Less Allowance for Uncollectibles,
Exonerations and Delinquencies 3.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} (14,092)
Less Allowance for Tax Discounts 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} (9,113)
Allowance for Tax Increment Financing 446,532
SIGNED THIS 22nd DAY OF MARCH, 2016
SECRETARY OF THE BOARD OF EDUCATION
MICHAEL HINCE
Int. March 28, 2016
Int. April 4, 2016
N.R. March 28, 2016
N.R. April 4, 2016
235210