The change will generate approximately $34,000 in additional revenue for the district, while the additional cost per homeowner with a $100,00 home will be approximately $3.50, according to Superintendent Matt Davis.

The Eldon School District has increased the tax rate for its general fund to the voter-approved total of $3.05 per $100 of assessed valuation, up from $3.03 in 2015-2016. 

The change will generate approximately $34,000 in additional revenue for the district, while the additional cost per homeowner with a $100,00 home will be approximately $3.50, according to Superintendent Matt Davis. 

Eldon estimates a small increase in real estate tax totals for 2016 and a small decrease in personal property tax total from the prior tax year of 2015, according to a tax rate hearing notice held earlier this month. 

The estimated real estate tax total for 2016 is $139,371,571, combined with a personal property total of $40,442,344 for a complete total of $179,813,915 in 2016, compared to the prior tax year of 2015 which was calculated at $138,558,630 for real estate, $40,537,653 for personal property, and $179,096,283 total. 

The $3.05 levy is expected to generate $5,484,324 in operating revenue for the general fund while the $0.5100 tax levy for debt service is expected to generate $917,050 in operating revenue for a combined total of $6,401,375. The maximum authorized levy is $3.6000. 

NUMBERS TO KNOW: 

Assessed value of new construction — $1,088,580 

New revenue from new construction — $38,573 

New revenue from reassessment — $22,076 

Percentage of new revenue from reassessment — 0.3449% 

2016 Assessed Valuation — $179,813,915

2015 Assessed Valuation — $179,096,283

Change in Assessed Valuation — $717,632 

2016 Revenue based on AV Estimate (179,813,915 x 3.5600) / 100 —  $6,401,375.37

2015 Revenue based on AV (179,096,283 x 3.5403) / 100 — $6,340,545.71 

New Revenue — $60,829.67