SCHEDULE OF PROPOSED LEVY RATES
FAYETTE COUNTY BOARD OF EDUCATION
For the Fiscal Year Ended June 30, 2025
The following is a true copy of from the records entered by FAYETTE COUNTY BOARD OF EDUCATION on the 12th day of March, 2024.
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 682,704,710 38.80 2,648,894 45.90 3,133,615
Personal Property 6,779,150 26,303 31,116
Total Class II 689,483,860 2,675,198 3,164,731
Class III
Real Estate 173,510,720 77.60 1,346,443 91.80 1,592,828
Personal Property 258,153,687 2,003,273 2,369,851
Public Utilities 347,833,919 2,699,191 3,193,115
Total Class III 779,498,326 6,048,907 7,155,795
Class IV
Real Estate 137,524,930 77.60 1,067,193 91.80 1,262,479
Personal Property 78,694,716 610,671 722,417
Public Utilities 57,811,275 448,615 530,708
Total Class IV 274,030,921 2,126,480 2,515,605
Total Assessed Valuation and
Projected Gross Tax Collections $1,743,013,107 $10,850,585 $12,836,130
Less Allowance for Uncollectibles, Exonerations and Delinquencies
7.00% (759,541) 7.00% (898,529)
Less Allowance for Tax Discounts 2.00% (201,821) 2.00% (238,752)
Less Allowance for Tax Increment Financing –
see worksheet
(Subtracted from regular current expense tax levy only) (22,931)
Net Projected Tax Collections, before allowance for
Assessor’s Valuation Fund 9,866,292
Less – Allowance for Assessor’s Valuation Fund 2.00% (197,326)
(Subtracted from regular current expense tax levy only)
Projected Net Taxes to be Collected $9,668,966 $11,698,849
$21,367,815
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.
SIGNED THIS 12th DAY OF MARCH, 2024, BY
Gary Hough SECRETARY OF THE BOARD OF EDUCATION
SCHEDULE OF PROPOSED LEVY RATES
ALLOWANCE FOR TAX INCREMENT FINANCING
FAYETTE COUNTY BOARD OF EDUCATION
For the Fiscal Year Ended June 30, 2025
The following is a true copy from the record of orders entered by FAYETTE COUNTY BOARD OF EDUCATION on the 12th day of March 2024:
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 – 38.80 –
Personal Property – –
Total Class II – –
Class III
Real Estate 3,242,220 77.60 25,160
Personal Property – –
Public Utilities – –
Total Class III 3,242,220 25,160
Class IV
Real Estate – 77.60 –
Personal Property – –
Public Utilities – –
Total Class IV – 1
Total Value & Projected Revenue $ 3,242,220 $ 25,161
Less Allowance for Uncollectibles, Exoneration: 7.00% (1,761)
Less Allowance for Tax Discounts 2.00% (468)
Allowance for Tax Increment Financing 22,931
SIGNED THIS 12th DAY OF MARCH, 2024, BY
Gary Hough SECRETARY OF THE BOARD OF EDUCATION