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NOTICE OF PUBLIC HEARING A public hearing will be held on September 24, 2025, from 6:00 p.m. - 6:30 p.m. at 2901 Troost Avenue, Board of Education Building, First Floor, Auditorium, Kansas City, Missouri at which Citizens may be heard on the property tax rates proposed to be set by the Kansas City, Missouri School District, a political subdivision. The operating tax rates shall be set to produce substantially the same revenue which the budget submitted for the fiscal year beginning July 1, 2025 shows to be required from the property tax. In addition, the debt service tax rates shall be set for the payments of the general obligation bond approved by the voters in April 2025. Each tax rate is determined by dividing the amount of revenue required by the current assessed valuation. The result is divided by 100 so the tax rate will be expressed in cents per $100 assessed valuation. Assessed Valuation (by categories) FY2024-2025 FY2025-2026 Real Property $4,252,550,868 $4,680,441,932 Personal Property 854,163,500 902,955,836 Total $5,106,714,368 $5,583,397,768 The following Tax Rates are Proposed: Amount of Property Таx Revenues Property Tax Rate Operating Fund: Property Tax Rate (per $100) Incidental $ 207,130,032 $ 4.8099 Capital Projects $ 6,459,490 $ 0.1500 Sub-total Operating Fund $ 213,589,522 (1) $ 4.9599 (2) Debt Service $ 30,312,266 $ 0.6100 (3) Total School Levy $ 243,901,788 $ 5.5699 New revenue $ 26,550,789 New Revenue from New Construction $ 4,617,283 and Improvements New Revenue from Reassessment $ 21,933,506 Percentage of New Revenue from Reassessment 8.6595% (1) Each figure in this column has been reduced prior to inclusion in the School District’s 2025-2026 school yearbudget to reflect the estimated amount of revenue which will be received from these property taxes. (2) The proposed tax rate for Operating Fund will not increase from last year. It will remain at $4.9599. (3) The proposed tax rate includes Debt Service based on April 2025 voters approved General ObligationBond. Link to watch the meeting: www.kcpublicschools.org/live For comments, text to (816) 325-9977 BOARD OF THE KANSAS CITY, MO SCHOOL DISTRICT BY: Lisa Limberg, Secretary
Post Date: 09/16 12:00 AM
Refcode: #IPL0273061 
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