Mehlville School District: Board Approves 2021 Blended Tax Rate

Press release from the Mehlville School District:

September 22, 2021

The Mehlville Board of Education unanimously approved the 2021 blended tax rate of $3.6598 at its annual tax rate hearing on Tuesday, Sept. 21, 2021. The blended rate is about 14 cents less than the previous year of $3.8056.

The blended rate is an average rate of the residential, commercial, agricultural and personal property tax rates. It includes the $0.04 temporary tax for Prop A, which ends in 2025. The rates include a 12-cent tax levy for Prop S general obligation bonds, which is offset by a 12-cent voluntary tax rate reduction (making Prop S a zero tax rate increase bond issue).

- Residential tax rate: $3.4431
- Commercial tax rate: $3.9025
- Agricultural tax rate: $4.4036
- Personal property tax rate: $4.5061

This year, assessed value increased 6.5 percent compared to the 1.4 percent increase to the consumer price index. The Hancock Amendment limits tax revenues to increase only up to inflation, or the consumer price index (CPI). The additional increase of assessed values results in decreased tax rates, so the tax revenue does not increase more than inflation. The total tax revenue estimate for Mehlville School District is $77.9 million, up $1.8 million last year, or 2.3 percent.

This press release was produced by the Mehlville School District. The views expressed here are the author’s own.