SCHEDULE OF PROPOSED LEVY RATES

SCHEDULE OF PROPOSED LEVY RATES
MERCER COUNTY BOARD OF EDUCATION
For the Fiscal Year Ended June 30, 2020

The following is a true copy from the record of orders entered by MERCER COUNTY BOARD OF EDUCATION on the 12th day of March 2019:

Column E Current Expense Levy
Certificate of Valuation Levy Taxes
Assessed Value for Tax Purposes Rate/$100 Levied

Class I
Personal Property $ – 19.40 $ –
Public Utilities – –
Total Class I – –

Class II
Real Estate 843,378,600 38.80 3,272,309
Personal Property 13,238,553 51,366
Total Class II 856,617,153 3,323,675

Class III
Real Estate 322,557,820 77.60 2,503,049
Personal Property 247,315,618 1,919,169
Public Utilities 174,057,876 1,350,689
Total Class III 743,931,314 5,772,907

Class IV
Real Estate 194,945,590 77.60 1,512,778
Personal Property 91,446,063 709,621
Public Utilities 97,075,148 753,303
Total Class IV 383,466,801 2,975,702

Total Assessed Valuation and Projected Gross Tax Collections
$1,984,015,268 $12,072,284

Less Allowance for Uncollectibles, Exonerations and
Delinquencies 5.00% (603,614)

Less Allowance for Tax Discounts 2.00% (229,373)

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 11,239,297

Less – Allowance for Assessor’s Valuation Fund 2.00% (224,786)
(Subtracted from regular current expense tax levy only)
Projected Net Taxes to be Collected $11,014,511

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 10th DAY OF MARCH 202020, BY
Dr. Deborah S. Akers SECRETARY OF THE BOARD OF EDUCATION

Signature
SCHEDULE OF PROPOSED LEVY RATES
MERCER COUNTY BOARD OF EDUCATION
For the Fiscal Year Ended June 30, 2020

The following is a true copy from the record of orders entered by MERCER COUNTY BOARD OF EDUCATION on the 12th day of March 2019:

Excess Levy
Levy Taxes
Rate/$100 Levied
Class I
Personal Property 22.95 $ –
Public Utilities –
Total Class I –

Class II
Real Estate 45.90 3,871,108
Personal Property 60,765
Total Class II 3,913,873

Class III
Real Estate 91.80 2,961,081
Personal Property 2,270,357
Public Utilities 1,597,851
Total Class III 6,829,289
Class IV
Real Estate 91.80 1,789,601
Personal Property 839,475
Public Utilities 891,150
Total Class IV 3,520,226
Total Assessed Valuation and
Projected Gross Tax Collections $14,281,388
Less Allowance for Uncollectibles, Exonerations and Delinquencies 5.00% (714,069)

Less Allowance for Tax Discounts
2.00% (271,346) Less Allowance for Tax Increment Financing

See Worksheet P/I
Net Projected Tax Collections before Asessor’s Fund
Less – Allowance for Assessor’s Valuation Fund

Projected Net Taxes to be Collected $13,295,973

Total Projected Net Taxes from
Regular and Excess Levies $24,310,484
SIGNED THIS 10th DAY OF MARCH 2020, BY
Dr. Deborah S. Akers SECRETARY OF THE BOARD OF EDUCATION

Signature

ID: 375834