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Camdenton R-III board holds tax-rate hearing, adopts 3.06 levy for 2025–26
Summary
At an Aug. 11 tax-rate hearing the Camdenton R-III Board of Education set the 2025–26 tax levy at $3.06 per $100 of assessed valuation and discussed the district's assessed value growth and CPI limits.
The Camdenton R-III Board of Education held a tax-rate hearing Aug. 11 in the district administration office and set the 2025–26 tax levy at $3.06 per $100 of assessed valuation.
District staff told the board the district's total assessed valuation (real and personal property) for the year was reported as about $1.4 billion, with an estimated net increase in new assessed valuation of $54,394,519 and new construction assessed at roughly $22,300,001. District staff said the overall reassessment percentage for the district was 2.29%, below the consumer price index (CPI)-based cap of 2.9% mentioned in the presentation.
Board members discussed keeping the levy at the same rate as the previous year to preserve fund balances for planned capital and FEMA-related projects. The levy as adopted was broken out by fund as presented: $1.28 incidental fund (Fund 1), $1.25 teachers fund (Fund 2), $0.31 debt service (Fund 3) and $0.22 capital projects (Fund 4). The board made the motion and approved the levy during the hearing.
The board chair then adjourned the tax hearing and opened the regular Aug. 11 board meeting.
The hearing included staff-level explanations of how new construction and reassessment percentages affect revenue in the first year they appear on the tax rolls, and a note that transfers between funds are commonly used to manage cash flow until tax collections arrive in December and January.
The board did not identify any changes to the adopted levy during the hearing; members approved the motion to set the levy at $3.06 for fiscal 2025–26.
