SCHEDULE OF PROPOSED LEVY RATE
RALEIGH COUNTY BOARD OF EDUCATION
For the Fiscal year Ended June 30, 2020
The above named county board of education, having ascertained that the amount to be raised by a levy of taxes for the purposes and within the limits prescribed by statute or authorized by voters, does hereby propose to adopt the following levy rates to be laid on each one hundred dollars of assessed valuation of each class of property:
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 1,276,335,770 38.80 4,952,183
Personal Property 15,775,378 61,208
Total Class II 1,292,111,148 5,013,391
Class III
Real Estate 595,964,890 77.60 4,624,688
Personal Property 604,069,577 4,687,580
Public Utilities 230,368,439 1,787,659
Total Class III 1,430,402,906 11,099,927
Class IV
Real Estate 342,498,810 77.60 2,657,791
Personal Property 157,158,717 1,219,552
Public Utilities 46,130,608 357,974
Total Class IV 545,788,135 4,235,317
Total Assessed Valuation and Projected Gross Tax Collections $3,268,302,189 $20,348,635
Less Allowance for Uncollectibles, Exonerations and Delinquencies 8.00% (1,627,891)
Less Allowance for Tax Discounts 2.00% (374,415)
Less Allowance for Tax Increment Financing – see worksheet
(Subtracted from regular current expense tax levy only) (503,970)
Net Projected Tax Collections, before allowance for Assessor’s Valuation Fund 17,842,359
Less – Allowance for Assessor’s Valuation Fund 1.95% (347,926)
(Subtracted from regular current expense tax levy only)
Projected Net Taxes to be Collected $17,494,433
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 11th DAY OF MARCH, 2020, BY
Charles D. Price, SECRETARY OF THE BOARD OF EDUCATION
SCHEDULE OF PROPOSED LEVY RATES
RALEIGH COUNTY BOARD OF EDUCATION
For the Fiscal Year Ended June 30, 2020
Excess Levy Permanent Improvement Bond Levy
Levy Taxes Levy Taxes Levy Taxes
Rate/$100 Levied Rate/$100 Levied Rate/$100 Levied
Class I
Personal Property 22.95 $- – $- – $-
Public Utilities – – –
Total Class I – – –
Class II
Real Estate 45.90 5,858,381 – – – –
Personal Property 72,409 – –
Total Class II 5,930,790 – –
Class III
Real Estate 91.80 5,470,958 – – – –
Personal Property 5,545,359 – –
Public Utilities 2,114,782 – –
Total Class III 13,131,099 – –
Class IV
Real Estate 91.80 3,144,139 – – – –
Personal Property 1,442,717 – –
Public Utilities 423,479 – –
Total Class IV 5,010,335 – –
Total Assessed Valuation and Projected Gross Tax Collections $24,072,224 $- $-
Less Allowance for Uncollectibles, Exonerations and Delinquencies 8.00% (1,925,778) 8.00% – – –
Less Allowance for Tax Discounts 2.00% (442,929) 2.00% –
Projected Net Taxes to be Collected $21,703,517 $- $-
Total Projected Net Taxes from Regular and Excess Levies $39,197,950
SIGNED THIS 11th DAY OF MARCH, 2020, BY
Charles D. Price, SECRETARY OF THE BOARD OF EDUCATION
SCHEDULE OF PROPOSED LEVY RATES
ALLOWANCE FOR TAX INCREMENT FINANCING
RALEIGH COUNTY BOARD OF EDUCATION
For the Fiscal Year Ended June 30, 2020
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 104,080,100 38.80 403,831
Personal Property – –
Total Class II 104,080,100 403,831
Class III
Real Estate 19,992,520 77.60 155,142
Personal Property – –
Public Utilities – –
Total Class III 19,992,520 155,142
Class IV
Real Estate – 77.60 –
Personal Property – –
Public Utilities – –
Total Class IV – –
Total Value and Projected Revenue $124,072,620 $558,973
Less Allowance for Uncollectibles, Exonerations and Delinquencies 8.00% (44,718)
Less Allowance for Tax Discounts 2.00% (10,285)
Allowance for Tax Increment Financing 503,970
SIGNED THIS 11th DAY OF MARCH, 2020, BY
Charles D. Price, SECRETARY OF THE BOARD OF EDUCATION
ID: 380454