Lindbergh board sets tax-rate hearing for Tuesday

Operating tax rates could decrease slightly

Lindbergh board sets tax-rate hearing for Tuesday

By Gloria Lloyd

Operating tax rates in Lindbergh Schools will could decrease slightly from last year’s rates, but the debt-service levy may increase by two cents.

The Board of Education will conduct a tax-rate hearing at 7 p.m. Tuesday, Sept. 27, in the Early Childhood Education Center, 4814 S. Lindbergh Blvd.

In a memo to the Board of Education, Chief Financial Officer Charles Triplett outlined the district’s proposed tax rates, including a blended operating rate of $3.6731 per $100 of assessed valuation, a slight decrease from last year. The blended rate is not levied, but used for state calculations.

The debt-service levy, currently 75.3 cents per $100, is proposed to increase by 2 cents to 77.3 cents.

The total assessed valuation in Lindbergh this year is $1,267,197,550, compared to $1,253,052,510 last year.

Residential assessed value increased by 0.29 percent this year, which means the district will decrease the residential rate for the third straight year. The district is allowed to take a 0.7-percent increase in inflation, but that is not as much as the average that most homes went up in value.

Commercial property decreased by 1.3 percent, while personal property remained unchanged. The district had $13 million of new residential construction, $205,100 of new commercial construction and $3.2 million of new personal property this year, which would provide a total of roughly $482,800 in new revenue to the district this year.