Details for MINERAL AREA COLLEGE - Ad from 2019-08-12

Updated

PUBLIC NOTICE
Notice is hereby given that a hearing will be held at 10:55 a.m., August 15, 2019, at Mineral Area College. Citizens may be heard on the
property tax rates proposed to be set by the Mineral Area College District. Pending state auditors approval the tax rates are set to produce
the revenues which the budget for the fiscal year beginning July 1, 2019 shows to be required from the property tax.
ASSESSED VALUATION (by categories)
Real Estate
Personal Property

PRIOR TAX YEAR
$711,576,050
$220,816,097

PROJECTED CURRENT TAX YEAR
$797,987,663
$217,217,890

TOTAL ASSESSED VALUATION

$932,392,147

$1,015,205,553

The following tax rates are proposed:
FUND

AMOUNT OF PROPERTY TAX
REVENUE BUDGETED

PROPOSED TAX
RATE PER $100
Assessed Valuation

COLLECTION RATE

94%
94%
94%

General
Plant
Debt Service

$2,988,765
380,702
1,319,767

0.2944
0.0375
0.1300

TOTAL

$4,689,234

0.4619
20340073
8/12

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