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The Marion County R-II Board of Education approved a tax rate for the 2023-24 school year which is slightly higher than the previous year’s rate.
Superintendent Jason Keilholz reported the tax rate of $4.2362 per $100 assessed valuation was approved during the tax rate hearing held last Wednesday evening.
Of that amount, $3.6576 is for the incidental fund and $0.5786 is for the debt service fund.
Last year’s rates were $3.6415 per $100 assessed valuation for the incidental fund and $0.5785 for debt service.
A total of $903,424 is projected to be collected from the property tax revenues if 100 percent is collected.
The district is expecting $429 in total new revenue for the operating fund and $432 in new revenue from new construction and improvements.