Column
A - Average Daily Attendance (ADA)
ADA is the number which
results when the aggregate number of students in attendance during months
1 through 9 is divided by the total number of days in which both students
and teachers are in regular attendance for scheduled classroom instruction.
Column
B - Millage Levy
Millage levy includes
the millage levies for school district maintenance purposed prescribed
in Section 37-57-105, Mississippi Code of 1972, and minimum program contribution
as prescribed in section 37-57-1, Mississippi Code of 1972, for fiscal
year 1990 -91. This does not include levies for the support of local vocational
centers, repayment of bonds, repayment of notes, or ad valorem shortfalls.
This millage is the same levy that is used in the calculation of Uniform
Millage Assistance Grants as prescribed in Section 37-22-1, Mississippi
Code of 1972.
Column
C - Gross Assessed Value (Adjusted)
Gross assessed value
is the total assessed value for the school district as reported by the
superintendent to include all property both real and personal and public
service valuation. The exception to this is the exclusion of the nuclear
power plant located in Claiborne County.
Column
D - Homestead Exemption Value for Over 65 and Disabled
The exempt value for
those 65 or older or disabled is as defined in Section 27-33-67 (2), Mississippi
Code of 1972, and is the actual assessed value of the property as reported
by the clerk of the board of supervisors in his report of tax losses for
homestead exemption as defined in Section 27-33-35, Mississippi Code of
1972.
Column
E - Homestead Exemption Dollar Credit for Under 65
The credit is the actual
dollar amount of the credit given for those individuals under the age of
65 and not disabled as defined in Section 27-33-67 (1), Mississippi Code
of 1972. This amount is also taken from the report of the clerk of the
board of supervisors.
Column
F - Homestead exemption School District Reimbursement
The reimbursement is
the dollar amount of the reimbursement to school district resulting from
the loss of ad valorem revenue due to the above homestead credit. This
amount represents the September and March reimbursements and is collected
from the State Tax Commission.
Column
G - Current Net Yield
This amount is determined
by first subtracting the assessed value of the property owned by those
65 or older or disabled, Column D, from the Districts gross assessed value,
Column C, to arrive at the district's taxable assessed value. Next the
millage, Column B, is applied to arrive at the base revenue; from which
the exemptions provide those under 65, Column E, is subtracted and the
homestead reimbursement, Column F, is added to arrive at the yield from
the mills in Column B. This amount reflects collections at 100 percent.
Column
H - Current Net Yield Per Pupil
This amount is determined
by dividing the Current Net Yield, Column G, by the ADA, Column A.
Column
I - Rank
This is how school districts
rank in current yield per pupil from the highest to the lowest.
Column
J - Maximum Yield of One Mill at the Uniform Minimum School District Ad
Valorem Tax Levy (33.04) Per Pupil
The levy is calculated
as prescribed in Section 27-22-1, Mississippi Code of 1972, and column
J is the per pupil value of one mill after setting all school districts
at this levy. The number is being used here for comparative purposes to
show the effect of placing all districts at the same levy and determining
the effects of the assessed valuation differences between districts.
Column
K - Rank
This is how the school
district ranks in yield per pupil at 33.04 mills from the highest to the
lowest.
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