SCHEDULE OF PROPOSED LEvY RATES
HANCOCK 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
Hancock County Board of education on the 28th
Column E Current Expense Levy
Certification of Valuation Taxes
Assessed Value for Tax Purposes Rate/$100 Levied
Class I
Personal Property $ – 19.40 $ – Public Utilities – – –
Total Class I – –
Class II
Real Estate 503,225,530 38.80 1,952.515
Personal Property 2,268,880 8,803
Total Class II 505,494,410 1,961,318
Class III
Real Estate 110,393,820 77.60 856,656
Personal Property 287,083,631 2,227,769
Public Utilities 45,445,660 352,665
Total Class III 442,924,001 3,437,090
Class IV
Real Estate 153,111,020 77.60 1,188,142
Personal Property 159,346,336 1,236,528
Public Utilities 34,492,259 267,660
Total Class IV 346,949,615 2,692,330
Total Assessed Valuation
and Projected Gross
Tax Collections $1,295,368,025 $8,090,738
Less Allowance for Uncollectibles,
Exonerations and Delinquencies 4.00% (323,630)
Less Allowance for Tax Discounts 1.50% (116,507)
Less Allowance for Tax
Increment Financing
see worksheet
(Subtracted from regular current
expense tax levy only) –
Net Projected Tax Collections, before allowance
for Assessor’s Valuation Fund 7,650,601
Less – Allowance for assessor’s Valuation Fund 2.00% (153,012)
Projected Net Taxes to be Collected $7,497,589
SCHEDULE OF PROPOSED LEVY RATES
Hancock COUNTY BOARD OF EDUCATION
For the Fiscal Year Ended June 30, 2025
Excess Levy Permanent Improvement Bond Levy
Levy Rate/$100 Taxes Levied Levy Rate/$100 Taxes Levied Levy Taxes
Rate/$100 Levied
CLASS I
Personal Property 22.95 $ – – – 5.77 $ –
Public Utilities – – –
Total Class I – – –
CLASS II
Real Estate 45.90 2,309,805 – – 11.54 580,722
Personal Property 10,414 2,618
Total Class II 2,320,219 – – 583,340
CLASS III
Real Estate 91.80 1,013,415 – – 23.08 254,789
Personal Property 2,635,428 – 662,589
Public Utilities 417,199 – 104,891
TOTAL CLASS III 4,066,042 1,022,269
CLASS IV
Real Estate 91.80 1,405,559 – – 23.08 353,380
Personal Property 1,462,799 – 367,771
Public Utilities 316,639 – 79,608
TOTAL CLASS III 3,184,997 800,759
Total Assessed Valuation
and Projected Gross Tax Collections $ 9,571,258 $ – $ 2,406,368
Less Allowance for Uncollectibles Exonerations and Delinquencies 4.00% (382,850) 4.00% – 4.80% 115,452
Less Allownace for Tax Discounts 1.50% (137,826) 1.50% –
Projected Net Taxes to be Collected $ 9,050,582 $ – $2,290,916
Total Projected Net Taxes
from Regular and Excess Levies $ 16,548,171
Not: Copies of all approved excess and/orbond levy orders and certified copies of the canvass of botes 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 16th DAY OF MARCH, 2024 BY Dan Enich, Secretary of the Board of Education.
WDT – Apr.3, 10, 2024