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Preliminary tax figures show historic assessed-value gain; board told levy will roll back under Hancock limits
Summary
District staff presented preliminary assessed-value increases and a tax-rate outlook showing a large assessed-value gain in 2025, a 2.9% CPI cap under the Hancock Amendment and a preliminary reduction in the district's operating levy.
KIRKWOOD R-VII School District staff briefed the board on preliminary property-assessed values and the district’s preliminary tax-rate calculations, saying large assessed-value increases this year will compel a reduced operating levy under Missouri’s Hancock Amendment.
A staff presenter summarized the tax-rate process, the Hancock Amendment’s role in limiting year-to-year tax revenue growth and the district’s current calculations based on assessed-value (AV) numbers released in July. The presenter said the district must use the lowest of three metrics set by statute for allowed revenue growth; for this year the consumer price index (CPI) used by the state auditor is 2.9%.
The presenter described a strong increase in district assessed values — residential values rose about 19.5% and overall AV grew more than 16% in the projection shared with the board.…
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