Schedule of proposed levy rates

SCHEDULE OF PROPOSED LEVY RATES
MARION COUNTY BOARD OF EDUCATION
For the Fiscal Year Ended June 30, 2016
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 1,097,106,150 38.80 4,256,772
Personal Property 2,009,934 7,799
Total Class II 1,099,116,084 4,264,571
Class III
Real Estate 345,891,450 77.60 2,684,118
Personal Property 429,702,494 3,334,491
Public Utilities 132,472,281 1,027,985
Total Class III 908,066,225 7,046,594
Class IV
Real Estate 316,249,630 77.60 2,454,097
Personal Property 192,483,607 1,493,673
Public Utilities 98,896,626 767,438
Total Class IV 607,629,863 4,715,208
Total Assessed Valuation and Projected
Gross Tax Collections $ 2,614,812,172 $ 16,026,373
Less Allowance for Uncollectibles, Exonerations and Delinquencies 5.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} (801,319)
Less Allowance for Tax Discounts 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} (304,501)
Less Allowance for Tax Increment Financing –
Net Projected Tax Collections, before allowance for Assessor’s Valuation Fund 14,920,553
Less – Allowance for Assessor’s Valuation Fund 1.75{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} (261,110)
Projected Net Taxes to be Collected $ 14,659,443
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
Departent of Education before escess or bond levy rates can be approved.
SIGNED THIS 16th DAY OF MARCH, 2015, BY
Gary Price , COUNTY SUPERINTENDENT
SCHEDULE OF PROPOSED LEVY RATES
MARION COUNTY BOARD OF EDUCATION
For the Fiscal Year Ended June 30, 2016
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 $ – – $ – 2.53 $ –
Public Utilities – – –
Total Class I – – –
CLASS II
Real Estate 45.90 5,035,717 – – 5.06 555,136
Personal Property 9,226 – 1,017
Total Class II 5,044,943 – 556,153
CLASS III
Real Estate 91.80 3,175,284 – – 10.12 350,042
Personal Property 3,944,669 – 434,859
Public Utilities 1,216,096 – 134,062
Total Class III 8,336,049 – 918,963
CLASS IV
Real Estate 91.80 2,903,172 – – 10.12 320,045
Personal Property 1,767,000 – 194,793
Public Utilities 907,871 – 100,083
Total Class IV 5,578,043 – 614,921
Total Assessed Valuation and
Projected Gross Tax
Collections $ 18,959,035 $ – $ 2,090,037
Less Allowance for
Uncollectible,
Exonerations and
Delinquencies 5.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} (947,952) 5.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} – 9.01 188,312
Less Allowance for
Tax Discounts 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} (360,222) 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} –
Projected Net Taxes to
be Collected $ 17,650,861 – $ 1,901,725
Total Projected Net Taxes
from Regular and Excess
Levies $ 32,310,304
Times: April 8, 15, 2015