Columbia Board of Education to hold tax rate hearing
Jazsmin Halliburton
COLUMBIA, Mo. (KMIZ)
The Columbia Board of Education will hold a hearing at the Aslin Administration building Thursday morning to discuss the property tax rate for Columbia Public Schools.
For the 2025-26 school year, the tax rate is dropping by nearly $0.16, meaning property owners will pay CPS $5.55 for every $1,000 of assessed value in property taxes for the year. However, due to the 8% increase in property assessment valuations, the district could collect $3.5 million more than last year through property taxes.
According to Chief Financial Officer Heather McArthur, due to the 8% assessed valuation growth, CPS will have to roll back its tax rate to account for the difference. The CPS financial committee will be discussing its tax rate number in a meeting at 5:30 p.m. Thursday.
The Columbia Board of Education will meet at 7:30 a.m. at the Aslin Administration building.
Final tax rate levies must be decided before September 1.