Mehlville School District tax rate drops by 37.12 cents for 2007-’08 school year

While the Mehlville Board of Education reduced the district’s tax rate for the 2007-2008 school year, Mehlville will rake in more than $2.7 million in new revenue from those taxes.

The Board of Education voted 5-0 last week to reduce the district’s “blended” tax rate to $3.2731 per $100 of assessed valuation for the 2007-2008 school year from $3.6443 per $100 of assessed valuation for the previous school year, a decrease of 37.12 cents.

Board of Education Secretary Michael Ocello and board member Ken Leach were absent from the Aug. 30 meeting.

Because of an increase in the school district’s total assessed valuation, the Board of Education was required to roll back the tax rate.

But even with that rollback, the Mehlville School District will collect additional revenue for the 2007-2008 school year totaling $2,223,855.50 in new taxes from reassessment and $495,429.84 from taxes on new construction.

The total revenue the district will gain in the next school year from taxes collected on reassessment and new construction is $2,719,285.34.

While the district’s “blended” tax rate for the next school year is $3.2731 per $100, no resident actually will pay it because it is a combination of four separate property taxes — residential, agricultural, commercial and personal property.

The four rates for 2007-2008 are: residential property, $3.1414; agricultural property, $4.0900; commercial property, $3.2552; and personal property, $3.9648.

For 2006-2007, those tax rates were: residential property, $3.5755; agricultural property, unchanged at $4.0900; commercial property, $3.6049; and personal property, unchanged at $3.9648.

By fund, the school district’s tax rates for 2007-2008 are: special, $1.6400; general, $1.100; debt service, 34 cents; and capital, 18.31 cents.

For 2006-2007, the rates by fund were: special, $1.8320; general, 98.38 cents; capital, 48.85 cents; and debt service, 34 cents.