SCHEDULE OF PROPOSED LEVY RATES
FAYETTE COUNTY BOARD OF EDUCATION
For the Fiscal Year Ended June 30, 2024
The following is a true copy of from the records entered by FAYETTE COUNTY BOARD OF EDUCATION on the 14th day of March, 2023.
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 637,147,590 38.80 2,472,133 45.90 2,924,507
Personal Property 6,227,232 24,162 28,583
Total Class II 643,374,822 2,496,295 2,953,090
Class III
Real Estate 173,220,790 77.60 1,344,193 91.80 1,590,167
Personal Property 240,214,846 1,864,067 2,205,172
Public Utilities 319,750,954 2,481,267 2,935,314
Total Class III 733,186,590 5,689,528 6,730,653
Class IV
Real Estate 139,236,460 77.60 1,080,475 91.80 1,278,191
Personal Property 82,860,665 642,999 760,661
Public Utilities 60,604,870 470,294 556,353
Total Class IV 282,701,995 2,193,767 2,595,205
Total Assessed Valuation and
Projected Gross Tax Collections $1,659,263,407 $10,379,591 $12,278,949
Less Allowance for Uncollectibles, Exonerations and Delinquencies
7.00% (726,571) 7.00% (859,526)
Less Allowance for Tax Discounts 2.00% (193,060) 2.00% (228,388)
Less Allowance for Tax Increment Financing –
see worksheet
(Subtracted from regular current expense tax levy only) (57,748)
Net Projected Tax Collections, before allowance for
Assessor’s Valuation Fund 9,402,211
Less – Allowance for Assessor’s Valuation Fund 2.00% (188,044)
(Subtracted from regular current expense tax levy only)
Projected Net Taxes to be Collected $9,214,167 $11,191,034
$20,405,201
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 14th DAY OF MARCH, 2023, 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, 2024
The following is a true copy from the record of orders entered by FAYETTE COUNTY BOARD OF EDUCATION on the 14th day of March 2023:
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 2,568,660 77.60 19,933
Personal Property 319,698 2,481
Public Utilities – –
Total Class III 2,888,358 22,414
Class IV
Real Estate 3,991,440 77.60 30,974
Personal Property 1,285,245 9,974
Public Utilities – –
Total Class IV 5,276,685 40,948
Total Value & Projected Revenue $8,165,043 $63,362
Less Allowance for Uncollectibles, Exoneration: 7.00% (4,435)
Less Allowance for Tax Discounts 2.00% (1,179)
Allowance for Tax Increment Financing 57,748
SIGNED THIS 14th DAY OF MARCH, 2023, BY
Gary Hough SECRETARY OF THE BOARD OF EDUCATION