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Cape Girardeau 63 keeps property tax levy at 4.1567 per $100; reassessment raises district valuation
Summary
At its August meeting the Cape Girardeau 63 Board of Education set the 2025 levy at 4.1567 per $100 of assessed value, holding the debt-service component steady and generating about $1 million of new operating revenue amid a reassessment year.
The Cape Girardeau 63 Board of Education on Tuesday set the districtproperty tax levy for tax year 2025 at 4.1567 per $100 of assessed valuation, keeping the debt-service portion unchanged and adopting the levy after a public hearing.
Board members heard a presentation from district staff explaining how a reassessment year and modest new construction changed the district's tax base and revenue outlook. "This is our current assessed valuation for 2025. It's 864,000,000," the district presenter said, citing the reassessment total and noting prior-year valuation of about $815,000,000.
The presenter explained the levy breakdown that the board approved: incidental (operating) levy 3.492; debt-service levy 0.6647; total 4.1567 per $100. The district said the levy will generate about $35.9 million in gross tax revenue;…
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