The tax rate for Mexico School District in fiscal year 2026-27 will remain unchanged.

The Mexico School District board of education set the 2026-27 tax rate at the Aug. 18 meeting following the tax rate hearing. The rate will remain unchanged at $4.6191 per $100 valuation. During the meeting, District Superintendent Troy Lentz explained that the tax rate is calculated using assessed property values in Monroe, Audrain and Callaway counties. 

“You’ll notice some variance in assessed value,” Lentz said. “Real estate has gone up $3 million even though we’re told we’ve hit $5 million in new construction.”

According to Lentz, there was also “quite a bit of movement” in personal property this year and the district did not actually receive revenue on the approximate $92 million in personal property assessed value last year. 

The district is looking at a $12 million decrease in personal property assessed valuation in FY 26-27 due to the removal of $9 million worth of property owned by Altona Solar, which should not have been included in the assessed valuation last year. Also, Lentz said $3 million for Creative Food Ingredients in town was counted twice.

“There was a little bit of an error, I suppose,” he said.

That leaves the district with $255,050,872 of adjusted assessed valuation on which tax can be collected.

“I think that our revenues this year will be mostly flat compared to last year’s,” Lentz said.