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Rockwood staff present proposed 2025 tax rate, explain Proposition 3 transfer and collection uncertainty
Summary
District staff presented a proposed 2025 tax rate of 3.8816, described a reassessment-driven 10.3% increase in assessed valuation and the completion of Proposition 3 levy transfers to the capital fund; officials cautioned actual collections may fall short while county data is pending.
District finance staff presented the Rockwood School District’s annual tax-rate hearing, outlining reassessment impacts and the final year of a two-year Proposition 3 levy transfer.
Staff said this is a reassessment year and reported a combined St. Louis and Jefferson County assessed valuation near $6,000,000,000, a 10.3% increase from the prior year. New construction added about $31,000,000 to the tax roll while personal property assessment declined by approximately $13,800,000.
S5 summarized Proposition 3, approved by voters in November 2023, as a two-year levy transfer that moves a total of $0.54 (54¢) from the debt service levy into the capital projects…
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