The shock experienced by thousands of Saline County property owners could result in local schools and cities needing to roll back their tax levies.

Following the Saline County Assessor’s release of tax impact statements, area districts including Marshall Public Schools are weighing the impact the state’s Hancock Amendment could have on the tax revenue they can collect. Supt. Caleb Petet tells KMMO News that he’s anticipating a rollback to comply with the state’s limits on how much additional revenue a taxing entity can claim each year.

Petet reminds district patrons that the annual hearing setting the schools’ tax rate will take place in late August. He explains that each school district has to follow a formula from the state to determine their maximum allowed rate.

Petet acknowledges the significant jump in assessed valuation that that commercial property owners are experiencing, and says the district is adjusting how school groups and sports teams approach businesses about fundraising requests.

The Marshall Public Schools Board of Education passed an updated policy in May requiring school groups seeking to host a fundraiser to complete a community service project as a condition for approval.