Why is Prop K $.46?

The District surveyed our community and held many meetings with residents after Prop A failed.

Consistent responses were:

  1. Ask for less
  2. Cut the budget
  3. Give specifics about how the money will be spent, and
  4. Tell us what will happen if it passes or fails.

The District listened:

  1. Prop K seeks a 46-cent increase per $100 in valuation, more than 40 percent lower than Prop A’s 78-cent request.
  2. The District cut $5 million 2015-2017.
  3. The District is communicating how the money will be spent, as well as what’s on the line if the levy does not pass.
  4. While the passage of Prop K will not be able to restore all of the cuts made, it will enable the District to restore teaching positions in critical areas of student need.

pencil

How much will my property taxes increase?

Assessed value is actually 19% of the appraised value. The appraised value is typically close to market value. St. Louis County determines appraised value.

Click here to determine your personal tax increase based on the formula below.

A simple formula to estimate property tax is:
Appraised value X 19% = Assessed Value
Assessed Value / 100 X $4.1734 = School Property Taxes

Example:
A home appraised at $300,000 has an assessed value of $57,000
$57,000 /100 X $4.1734 = $2,379.

tax table

Here is how you calculate the 46-cent tax increase :
Take the assessed value of $57,000 / 100 X $0.46 = $262.20 a year or $21.85 per month or $5.04 a week or 72 cents a day.

If the District hasn’t received an increase in taxes for over 10 years, why have my property taxes risen?

The Kirkwood School District is only one of the 15 taxing authorities included in a local municipality’s property tax bill. The tax rate is based on total assessed value of approximately 30,000 homes within the District’s attendance area. Individual property values may go up or down, resulting in additional or less taxes. Currently, our taxes are in the lower 25% for the county.
Further, the Hancock Amendment limits the amount schools receive when taxes go up. The last 3 out of 4 reassessment years saw ZERO increase in taxes for our schools. 2015 saw a mere 0.8% increase. All the while, enrollment continues to grow.

Total KSD revenue has only grown 8% in 10 years, while enrollment has grown by 15% and inflation has grown by 18%.

hancock