FHSD Board Sets Tax Rate

Posted on 09/20/2019
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The FHSD Board of Education approved the 2019-20 tax rate of $4.6480 by a 7-0 vote at the September Board meeting. Although the District's assessed valuation (AV) increased 9% overall, the District is limited to capturing growth on existing property to the lower of 5% or the Consumer Price Index (CPI). The CPI for 2019 is calculated to be 1.9%.

2019 is a reassessment year and growth in AV triggers a tax rollback per the Hancock Amendment. As a result of reassessment, the 2019-20 tax rate was reduced by almost 21 cents compared to the 2018-19 tax rate. FHSD's overall tax rate is the second lowest among St. Charles County school districts. The St. Charles, Wentzville and Fort Zumwalt school districts have all passed operating levy increases in recent years.

While St. Charles school districts provide their own special education services, funded by their operating levies, districts in St. Louis County have those services provided by Special School District, which assesses its own levy in addition to the levy assessed by the local school district. To provide accurate comparison of tax rates between counties, the tax rates in the St. Louis County districts need to include the amount levied by the Special School District of St. Louis County.

The Missouri Department of Revenue administers a real estate tax assistance program, the Missouri Property Tax Credit Claim, which gives credit to certain senior citizens and 100 percent disabled individuals for a portion of the real estate taxes or rent they have paid for the year. Complete information is available on the Missouri Department of Revenue's website at:
http://dor.mo.gov/personal/ptc/.

The FHSD Board of Education is committed to providing an excellent public education for the children of our community at an exceptional value to our taxpayers.

 


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