Adair County’s taxing districts will be able to increase their revenue even if they do not increase their rates after property values increased this past year by more than $83.64 million, the largest growth in Adair County history, according to PVA Landon Edwards. The total value for taxable property in Adair County now exceeds $1 billion.
Taxing districts must report their approved rates for 2026 to the fiscal court. On Tuesday, several did just that, and the court also approved its tax rates.
The fiscal court set its real property rate at 13.8 cents per $100 assessed value, down from 14 cents last year. That rate will provide a 4 percent increase in revenue.
This year’s compensating rate would have been 13.3 cents per $100 assessed value. The compensating rate generates around the same amount of revenue on the same property, which does not include new property.
Personal property remains at 18.15 cents.
The school district kept the same rate as the previous year, which will generate more than a 4 percent increase. The rate for real and personal property is 77.3 cents.
The library district set its rate at the compensating rate of 4.3 cents on real property and 4.43 cents on personal property. Both rates are lower than last year’s rate of 4.6 cents for real and personal property.
The Adair County Ambulance Service also decreased its rate, setting the rate at 5.8 cents, down from 6.2 cents for both real and personal property.
Extension also lowered its rate, dropping from 6.4 cents to 6.3 cents for real property. Personal property remained the same at 9.71.
The health district kept the same rate of 3 cents for real and personal property.
Soil conservation has set their rate as the same as last year at 1.8 cents for real property. They do not tax personal property.
This will be the first since 2013 that a 10-cents rate will not be on the tax bill for the hospital district, which is being dissolved.
