MORGAN COUNTY BOARD OF EDUCATION
SCHEDULE OF PROPOSED LEVY RATES
REGULAR CURRENT EXPENSE LEVY
2024-2025
The following is a true copy from the record of orders entered by MORGAN
COUNTY BOARD OF EDUCATION on the 19th day of March, 2024.
Kristen E. Tuttle, 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 $840,022,470 (38.80) $3,259,287
Personal Property 2,939,746 11,406
Total Class II $842,962,216 $3,270,693
Class III
Real Estate $199,787,310 (77.60) $1,550,350
Personal Property 132,762,377 1,030,236
Public Utility 66,522,927 516,218
Total Class III $399,072,614 $3,096,804
Class IV
Real Estate $28,298,550 (77.60) $219,597
Personal Property 6,456,380 50,102
Public Utility 12,431,469 96,468
Total Class IV $47,186,399 $366,167
TOTAL VALUE &
PROJECTED
REVENUE $1,289,221,229 $6,733,664
Less Delinquencies,
Exonerations &
Uncollectable Taxes 5.00% $366,683
Less Tax Discounts 2.00% $127,940
Less Allowance for Tax Increment Financing
(Subtracted from regular current expense taxes levied only) —
TOTAL PROJECTED PROPERTY TAX COLLECTION $6,269,041
Less Assessor Valuation Fund 2.00% $125,381
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of
Property Taxes for Budget Purposes $6,143,660
MORGAN COUNTY BOARD OF EDUCATION
SCHEDULE OF PROPOSED LEVY RATES (CONTINUED)
EXCESS LEVY PAGE
2024-2025
The following is a true copy from the record of orders entered by MORGAN
COUNTY BOARD OF EDUCATION on the 19th day of March, 2024.
Kristen E. Tuttle, 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 $840,022,470 (32.16) $2,701,512
Personal Property 2,939,746 9,454
Total Class II $842,962,216 $2,710,966
Class III
Real Estate $199,787,310 (64.32) $1,285,032
Personal Property 132,762,377 853,928
Public Utility 66,522,927 427,875
Total Class III $399,072,614 $2,566,835
Class IV
Real Estate $28,298,550 (64.32) $182,016
Personal Property 6,456,380 41,527
Public Utility 12,431,469 79,959
Total Class IV $47,186,399 $303,502
TOTAL VALUE &
PROJECTED
REVENUE $1,289,221,229 $5,581,303
Less Delinquencies,
Exonerations &
Uncollectable Taxes 5.00% $279,065
Less Tax Discounts 2.00% $106,045
NET AMOUNT TO BE RAISED
BY LEVY FOR BUDGET PURPOSES $5,196,193