Mehlville to conduct public hearing on tax rate

The Mehlville Board of Education will conduct a public hearing next week before setting the school district’s property tax rates for 2011.

The public hearing is scheduled for 6:45 p.m. Tuesday, Sept. 27, at the Administration Building, 3120 Lemay Ferry Road.

Board members will consider setting the following proposed 2011 property tax rates, per $100 of assessed valuation:

• Residential: $3.6761, up from $3.5469 in 2010.

• Agricultural: $4.0897, roughly unchanged from last year.

• Commercial: $3.4372, up from $3.3947 in 2010.

• Personal property: $3.9678, roughly unchanged from last year.

The district’s proposed overall “blended” rate, which is not levied but used for state calculations, is $3.6748, an increase of roughly 10 cents over the 2010 “blended” rated of $3.5763.

The rates are based on post-Board of Equalization assessed valuations from the county, which became available last week.

Mehlville’s total assessed valuation fell roughly 3.4 percent to $1,690,943,880 from $1,749,832,650 in 2010.

The district projects collecting $60 million from property taxes in 2011. It collected $60,948,000 in 2010 and has averaged $58,388,167 in property-tax revenue over the past six years.

Officials anticipate no new revenue from the reassessment of property this year.