The Meramec Valley R-III School District property tax rate for 2018-19 will show a slight increase from the previous year.
The total school levy on this year’s tax bills will be $4.4818 per $100 in assessed valuation, which includes $3.6018 for the operating levy and $.88 for debt service.
This is an increase of $0.0143 from last year’s rate, or less than a cent.
The school board approved the new rate Wednesday, Aug. 15, following a required tax rate hearing.
Total assessed valuation for the district is $33,423,427, which represents an increase of $477,127, or 1.4 percent.