AI-assisted summary
Columbia Public Schools lowered its property tax rate to $5.542 per $100 of assessed valuation, the lowest since the 2021-22 school year.
Despite the lower rate, increased property values will result in higher tax bills for homeowners.
The school board proposed a statewide policy to limit superintendent contract buyouts to one year's salary.
Columbia Public Schools will reduce its property tax rate based on Missouri State Auditor calculations. The new tax rate for this year will be the lowest it has been since at least the 2021-22 school year.
The Columbia Public Schools Board of Education approved the new tax rate of $5.542 per $100 assessed valuation. This is down from $5.7195 from 2024. The district had to adopt its new tax rate before Sept. 1 and property tax c