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.
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.
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.
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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