Assuming that the average fair market value of a home within the Cabool R-IV School District is $100,000 and that a typical family of four has two vehicles (three to four years old), the following calculation produces the cost associated with the $1.25 per one hundred dollars of assessed valuation increase:
Home of $100,000: $100,000 x 19% Assessed Value / 100 x $1.25 = $237.50
Two cars worth $5,000 each: $10,000 x 33.33% Assessed Value / 100 x $1.25 = $41.66
This totals $279.16 a year or $23.26 a month.
**Please see the attached PDF for Cost Tables.**