The Community R-VI School District Board of Education approved the 2025-26 tax rate of $4.55 per $100 of assessed valuation at its Aug. 20 meeting.
Broken down, that is $4.00 for operating …
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The Community R-VI School District Board of Education approved the 2025-26 tax rate of $4.55 per $100 of assessed valuation at its Aug. 20 meeting.
Broken down, that is $4.00 for operating purposes and $0.55 for debt service. Of the $4.00 operating levy, $3.7637 will be placed in the district’s operating budget and $0.2363 will be apportioned to the capital projects fund.The tax rate, approved after a public hearing, is the same as last year’s.
Information provided from Superintendent Chad Harter showed the assessed valuation for the district for 2025-26 is as follows:
Last year’s total assessed valuation was $43,365,047, which represents an increase of 21.9%.
For this approved tax levy, the district will generate an estimated $2,406,607 in local tax revenue, compared to $1,973,110 last year.
Of this $430,000 increase in local revenue, only about $15,000 of this increase is because of reassessment, Harter said. The other $415,000 is because of local growth associated with new construction and improvements that affected personal property.
In other business, the board approved pre-paying $160,000 in bonds, which will save the district a little over $10,000 in interest. Harter said this is money for all the district’s bonds over the last 15 to 20 years, as the district is paying down overall debt a little early.
The board approved a bid from Service Co-Op for the district’s fuel and lubrication products for the coming year, approved the bid from MPA for propane service for the coming year, readopted the district Policy of Board Ethics, tabled the purchase of a school vehicle for September and approved purchasing a skid steer for the vocational ag program to introduce students to heavy machinery operation in district ag construction, ag structures, and landscaping classes. This purchase is funded with a 75% funding grant awarded to Community R-VI through the FFA Foundation, Harter said, adding that the Alumni Association is making a contribution that will further lower the district's outlay on this project.
The board also approved a move to surplus outdated technology peripherals (monitors, keyboards and cables).
