SCHEDULE OF PROPOSED LEVY RATES
FAYETTE COUNTY BOARD OF EDUCATION
For the Fiscal Year Ended June 30, 2023
The following is a true copy of from the records entered by FAYETTE COUNTY BOARD OF EDUCATION on the 7th day of March, 2022.
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 630,939,820 38.80 2,448,047 45.90 2,896,014
Personal Property 6,503,260 25,233 29,850
Total Class II 637,443,080 2,473,280 2,925,864
Class III
Real Estate 158,312,110 77.60 1,2228,502 91.80 1,453,305
Personal Property 185,201,934 1,437,167 1,700,154
Public Utilities 290,212,483 2,252,049 2,664,151
Total Class III 633,726,527 4,917,718 5,817,610
Class IV
Real Estate 136,588,760 77.60 1,059,929 91.80 1,253,885
Personal Property 69,293,095 537,714 636,111
Public Utilities 51,638,544 400,715 474,042
Total Class IV 257,520,399 1,998,358 2,364,038
Total Assessed Valuation and
Projected Gross Tax Collections $1,528,690,006 $9,389,356 $11,107,512
Less Allowance for Uncollectibles, Exonerations and Delinquencies
7.00% (657,255) 7.00% (777,526)
Less Allowance for Tax Discounts 2.00% (174,642) 2.00% (206,600)
Less Allowance for Tax Increment Financing –
see worksheet
(Subtracted from regular current expense tax levy only)
(52,993)
Net Projected Tax Collections, before allowance for
Assessor’s Valuation Fund 8,504,467
Less – Allowance for Assessor’s Valuation Fund 2.00% (170,089)
(Subtracted from regular current expense tax levy only)
Projected Net Taxes to be Collected $8,334,377 $10,123,386
$18,457,763
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 7th DAY OF MARCH, 2022, 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, 2023
The following is a true copy from the record of orders entered by FAYETTE COUNTY BOARD OF EDUCATION on the 7th day of March 2022:
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 2,604,180 77.60 20,208
Personal Property 319,698 2,481
Public Utilities – –
Total Class III 2,923,878 22,689
Class IV
Real Estate 4,303,500 77.60 33,395
Personal Property 265,444 2,060
Public Utilities – –
Total Class IV 4,568,944 35,455
Total Value & Projected Revenue $7,492,822 $58,144
Less Allowance for Uncollectibles, Exoneration: 7.00% (4,070)
Less Allowance for Tax Discounts 2.00% (1,081)
Allowance for Tax Increment Financing 52,993
SIGNED THIS 7th DAY OF MARCH, 2022, BY
Gary Hough SECRETARY OF THE BOARD OF EDUCATION