Fayette

PROPOSED LEVY RATES

SCHEDULE OF PROPOSED LEVY RATES
FAYETTE COUNTY BOARD OF EDUCATION
For the Fiscal Year Ended June 30, 2022

The following is a true copy of from the records entered by FAYETTE COUNTY BOARD OF EDUCATION on the 8th day of March, 2021.
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 601,304,400 38.80 2,333,061 45.90 2,759,987
Personal Property 6,592,346 25,578 30,259
Total Class II 607,896,746 2,358,639 2,790,246

Class III
Real Estate 159,788,910 77.60 1,239,962 91.80 1,466,862
Personal Property 182,893,582 1,419,254 1,678,963
Public Utilities 264,029,666 2,048,870 2,423,792
Total Class III 606,712,158 4,708,086 5,569,617

Class IV
Real Estate 134,418,710 77.60 1,043,089 91.80 1,233,964
Personal Property 62,715,186 486,670 575,725
Public Utilities 54,332,079 421,617 498,768
Total Class IV 251,465,975 1,951,376 2,308,457

Total Assessed Valuation and
Projected Gross Tax Collections $1,466,074,879 $9,018,101 $10,668,320

Less Allowance for Uncollectibles, Exonerations and Delinquencies
7.00% (631,267) 7.00% (746,782)
Less Allowance for Tax Discounts 2.00% (167,737) 2.00% (198,431)
Less Allowance for Tax Increment Financing –
see worksheet
(Subtracted from regular current expense tax levy only)
(53,218)
Net Projected Tax Collections, before allowance for
Assessor’s Valuation Fund 8,165,879.00
Less – Allowance for Assessor’s Valuation Fund 2.00% (163,925)
(Subtracted from regular current expense tax levy only)
Projected Net Taxes to be Collected $8,002,561 $9,723,107

$17,725,668

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 8th DAY OF MARCH, 2020, 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, 2022

The following is a true copy from the record of orders entered by FAYETTE COUNTY BOARD OF EDUCATION on the 8th day of March 2021:

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 2,673,480 77.60 20,746
Personal Property 557,527 4,326
Public Utilities – –
Total Class III 3,231,007 25,072

Class IV
Real Estate 4,293,640 77.60 33,319
Personal Property – –
Public Utilities – –
Total Class IV – –

Total Value & Projected Revenue $3,231,007 $58,391

Less Allowance for Uncollectibles, Exonerations
and Delinquencies 7.00% (4,087)
Less Allowance for Tax Discounts 2.00% (1,086)

Allowance for Tax Increment Financing 53,218

SIGNED THIS 8th DAY OF MARCH, 2021, BY
Gary Hough SECRETARY OF THE BOARD OF EDUCATION