Schools
Public Hearing on Affton Property Tax Rates Tonight
The Affton School District's Board of Education will open a public hearing to discuss the new property tax rates for 2012.
The Affton School District Board of Education will gather public input on the 2012 property tax rates tonight.
The public hearing will be part of the board's monthly meeting, which starts at 7 p.m. on Tuesday, September 18 in the Affton Early Childhood Education Center at 9832 Reavis Road.
The rates for residential and commercial real estate are slightly higher than last year's as property values declined by about .8 percent, based on July 2012 data.
Find out what's happening in Affton-Shrewsburyfor free with the latest updates from Patch.
The board's agenda explanation says it best: "As provided by Missouri statutes, as property values rise, tax rates will fall. And, the opposite is true: when property values fall, tax rates will rise. The end result of either scenario is level tax collections for the school district. For 2012, due to falling assessed valuations, the tax rate will rise slightly."
Here are the 2012 tax rate calculations, checked for accuracy by the Office of the Missouri State Auditor.
Find out what's happening in Affton-Shrewsburyfor free with the latest updates from Patch.
The proposed rates are based on the following data:
Current Prior Assessed Valuation Tax Year Tax Year (By Category) 2012 2011 Real Estate - Residential $267,113,630 $268,706,890 Real Estate - Commercial $60,064,820 $67,874,090 Personal Property $55,208,950 $52,617,340 Total Assessed Valuation $382,387,400 $382,198,320 2012 2011 Proposed Actual Category Tax Rates Tax Rates Real Estate - Residential $5.3480 $5.2974 Real Estate - Commercial $5.6189 $5.6189 Personal Property $ 5.5131 $5.5131 Blended Rate $5.1620 $ 5.1620 2012 2011 Tax Revenue Tax Revenue Fund From Levy From Levy General $17,065,000 $16,801,566 Capital Projects $2,557,000 $2,964,982 Total Revenue $19,622,000 $19,766,548
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