FHSD Board Sets Tax Rate

Posted on 10/02/2017
FHSD Board Sets Tax Rate

The Francis Howell School District Board of Education approved the 2017-18 tax rate of $4.8527 by a 7-0 vote at the Sept. 21 Board meeting. Although the District's assessed valuation (AV) increased 7.7% overall, the District is limited to capturing growth on existing property to the lower of 5% or the Consumer Price Index (CPI). The CPI for 2017 is calculated to be 2.1%.

2017 is a reassessment year and growth in AV triggers a tax rollback per the Hancock Amendment. As a result of reassessment, the 2017-18 tax rate was reduced by $0.1658 compared to the 2016-17 tax rate. FHSD's tax rate is now the second lowest among St. Charles County school districts. The St. Charles, Wentzville, and Fort Zumwalt school districts have all recently passed operating levy increases.

The tax rates in the St. Louis County districts include the amount levied by the Special School District of St. Louis County. While St. Charles school districts provide their own special education services, funded by their operating levies, districts in St. Louis County have those services provided by Special School District, which assesses its own levy in addition to the levy assessed by the local school district.

The Missouri Department of Revenue administers a real estate tax assistance program, the Missouri Property Tax Credit Claim, which gives credit to certain senior citizens and 100 percent disabled individuals for a portion of the real estate taxes or rent they have paid for the year. Complete information is available on the Missouri Department of Revenue's website at http://dor.mo.gov/personal/ptc/.

The FHSD Board of Education is committed to providing an excellent public education for the children of our community at an exceptional value to our taxpayers.





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