For purposes of determining the proposed tax rate when two or more school districts are consolidating, the tax rate ceiling of the consolidated district shall be determined by multiplying each district's tax rate ceiling by its total assessed valuation, adding such products and dividing the sum by the combined assessed valuation of the component districts.
Mo. Rev. Stat. § 162.202
Consolidation of two or more school districts, tax rate ceiling how calculated
Known as the Elementary and Secondary School District Enrollment Option Act
The act spans §§ 162–162 (184 sections).
Effective: 17 Apr 1992, see footnote; (L. 1992 S.B. 581 § 1)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.