Wood

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

SCHEDULE OF PROPOSED LEVY RATES

WOOD 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 WOOD COUNTY BOARD OF EDUCATION on the 27th 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                                                                             1,968,692,370                            38.80          7,638,526

Personal Property                                                                          6,889,874                                                    26,733

Total Class II                                                                           1,975,582,244                                               7,665,259

 

Class III

Real Estate                                                                                261,660,500                            77.60          2,030,485

Personal Property                                                                      473,612,114                                               3,675,230

Public Utilities                                                                             109,576,973                                                  850,317

Total Class III                                                                             844,849,587                                               6,556,032

 

Class IV

Real Estate                                                                                480,152,380                            77.60          3,725,982

Personal Property                                                                      276,345,922                                               2,144,444

Public Utilities                                                                               83,689,495                                                  649,430

Total Class IV                                                                             840,187,797                                               6,519,856

Total Assessed Valuation and Projected Gross

Tax Collections                                                                      $3,660,619,628                                          $20,741,147

 

Less Allowance for Uncollectibles, Exonerations and Delinquencies                                          2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c}           (414,823)

Less Allowance for Tax Discounts                                                                                             2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c}           (406,526)

Less Allowance for Tax Increment Financing – see worksheet

(Subtracted from regular current expense tax levy only)                                                                                    (37,677)

Net Projected Tax Collections, before allowance for Assessorás Valuation Fund                                          19,882,121

Less – Allowance for Assessorás Valuation Fund                                                                        2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c}           (397,642)

(Subtracted from regular current expense tax levy only)

Projected Net Taxes to be Collected                                                                                                       $19,484,478

 

 

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 Auditorás Office and the State Department of Education before excess or bond levy rates can be approved.

 

 

                                                                                            Excess Levy                                          Bond Levy

Levy                  Taxes                        Levy             Taxes

Rate/$100            Levied                  Rate/$100         Levied

 

Class I

Personal Property                                                                  18.36           $         —                          5.32             $          —

Public Utilities                                                                                            $          —                                              $          —

Total Class I                                                                                              $          —                                              $          —

 

Class II

Real Estate                                                                            36.72        7,229,038                        10.64           2,094,689

Personal Property                                                                                        25,300                                                   7,331

Total Class II                                                                                           7,254,338                                            2,102,020

 

Class III

Real Estate                                                                            73.44        1,921,635                        21.28              556,814

Personal Property                                                                                   3,478,207                                            1,007,847

Public Utilities                                                                                             804,733                                               233,180

Total Class III                                                                                          6,204,575                                            1,797,841

 

Class IV

Real Estate                                                                            73.44        3,526,239                        21.28           1,021,764

Personal Property                                                                                   2,029,484                                               588,064

Public Utilities                                                                                             614,616                                               178,091

Total Class IV                                                                                          6,170,339                                            1,787,919

 

Total Assessed Valuation and Projected Gross

Tax Collections                                                                                 $ 19,629,252                                          $5,687.780

 

Less Allowance for Uncollectibles, Exonerations

and Delinquencies                                                                2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c}         (392,585)                       9.01{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c}            (512,428)

Less Allowance for Tax Discounts                                         2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c}         (384,733)

Less Allowance for Tax Increment Financing(see worksheet)                                                                                                            Net Projected Tax Collections before Asessorás Fund

Less – Allowance for Assessorás Valuation Fund

Projected Net Taxes to be Collected                                                 $18,851,934                                          $5,175,352

 

$38,336,412

 

 

SIGNED THIS 26th DAY OF MARCH 2019

BY: William P. Hosaflook

SECRETARY OF THE BOARD OF EDUCATION                                                          /s/; William P. Hosaflook

 

Mar 28, Apr 4