Mehlville School District tax rate drops by 37.12 cents for 2007-’08 School Year – Call Newspapers
September 7, 2007
i.call
Mehlville School District tax rate drops by 37.12 cents for 2007-’08 school year
District will still collect $2.7 million increase in tax revenue
September 05, 2007 – 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.
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