School district to hold tax rate hearing

Staff Writer
Chillicothe News
Chillicothe News

A public Budget and Tax Rate Hearing for the Chillicothe R-II School District Chillicothe, will be held at 5:45 p.m., on Aug. 18 the Grand River Technical School, 1200 Fair St. At that citizens may be heard on the property tax rates proposed to be set by the Chillicothe R-II School District. The tax rates shall be set to produce revenues which the budget for the 2020-2021 year indicates required amount from the property tax. Each tax rate is determined by dividing the amount of revenue needed by the current assessed valuation. The result is multiplied by 100; therefore, the tax will be expressed in cents per $100 valuation. Budgeted amounts of current tax collections reflect an approximate 93% collection rate.