1. MARSHALL PUBLIC SCHOOLS
Tax Levy Hearing
for the 2019 – 2020 School Year
August 20, 2019

2. The Hancock Amendment
This amendment, passed in 1980, allows school districts to raise their operating fund tax levy ceiling to $2.75, in the instance it is lowered (to remain revenue neutral) by other revenues.
In Marshall’s case, the revenue from the pipeline caused the tax rate ceiling to be lowered to $2.68 in Amendment 2 allowed it to be set at $2.75.
Then, in 2017, Marshall voters approved restoring the previous levy of $3.12 from $2.75.
Board needs to approve implementing Amendment 2.

3. ASSESSED VALUATION YEAR COUNTY REAL ESTATE PERSONAL PROPERTY TOTAL
Locally Assessed Valuations
ASSESSED VALUATION
YEAR
COUNTY
REAL ESTATE
PERSONAL PROPERTY
TOTAL
2018 – 2019
Saline
$123,011,766
$47,057,966
$170,069,732
2019 – 2020
$123,880,605
$46,691,111
$170,571,716
Real Estate valuation increased by $868,839.
Personal property valuation decreased by $366,855.
Assessed valuation of the Marshall School District increased by $501,984.

4. Tax Rate Proposed
FUND
UNADJUSTED
ADJUSTED
TAXES LEVIED
#1 - Incidental
$3.1200*
$5,321,
#2 - Teachers
$0.0000 $
#3 - Debt Service
#4 - Capital Projects
TOTAL LEVIED:
$3.1200
If tax rate remains at $3.12, tax receipts should increase district revenues by $18,626 over 2018 – 2019 revenues.

5. Tax Levy Roll-Back
The MO State Auditor has set the tax levy ceiling at $
Because the Marshall voters approved to restore the tax rate to $3.12 in 2017, this is the rate that is proposed for 2019 – 2020.
This means Marshall taxpayers will not be charged the full amount of permitted tax, with a roll-back (or decrease) of .0497
This equals $45, less than could be taxed.