Lee’s Summit R-7 School District Tax Rate Hearing Notice Lee's Summit R-7 School District Tax Rate Hearing Notice A hearing will be held at the District Administration Center, located at 301 NE Tudor Road, Lee's Summit, Missouri, on Thursday, September 25, 2025 at 6:30 PM, at which time citizens may be heard on the property tax rates proposed to be set by the Lee's Summit R-7 School District, a political subdivision. The tax rates are set to produce the revenues from the property tax required by the budget for the fiscal year beginning July 1, 2025. Each tax rate is determined by dividing the amount of revenue needed by the current assessed valuation. The result is multiplied by 100 so the tax rate will be expressed in cents per $100 valuation. Assessed Valuation (AV) (by categories) Estimated Current Tax Year 2025 Prior Tax Year 2024 Real Estate $3,098,448,370 $2,900,705,009 Personal Property $471,449,217 $501,043,778 Combined Real Estate & Personal Property $3,569,897,587 $3,401,748,787 Adjusted Assessed Valuation on Which Tax Revenue is Received $3,569,897,587 $3,401,748,787 New Construction & Improvements (Included in AV Total above) 1 19,862,676.00 $0 Amount of Property Proposed Tax Revenues Property Amount of Calculated Budgeted (assumes Tax Rate Property Tax Revenue Property Tax The following Tax Rates are Proposed by Fund: 100% collection) (per $100) From Prior Year Rate (per $100) Incidental $136,337,959 $3.8191 $129,637,245 $3.8109 Teacher $0 $0.0000 $0 $0.0000 Debt Service $31,058,109 $0.8700 $29,595,214 $0.8700 Capital Projects $1,784,949 $0.0500 $1,700,874 $0.0500 Total $169,181,017 $4.7391 $160,933,333 $4.7309 Board of Education Total New Revenue: $6,784,789 Lee's Summit R-7 New Revenue from New Construction and Improvements: $4,637,607 School District New Revenue from Reassessment: $2,147,182 Stacie Myers, President Percentage of New Revenue from Reassessment: 1.6349% David Buck, Superintendent *Estimates reflect the most accurate information provided by the County Clerks at the time of this posting. These figures are based on information available as of Wednesday, September 3, 2025. It is possible the estimate may change by the Tax Rate Hearing or that the Board of Education may make changes until October 1, 2025.