Property Tax Levy Limit

State

Wisconsin

Year

2012

Limit Type

Levy Limit

Limit Name

Property Tax Levy Limit

Limit Description

The property tax levy increase is limited to the valuation factor of any county or municipality (city, village, or town). The valuation factor is defined as a percentage equal to the percentage change in the jurisdiction's equalized value due to net new construction less improvements removed between the previous year and the current year. The permitted increase for 2011 is 0% or the percentage change due to new construction less improvements removed.

Override Process

Override is by a local resolution approved in a referendum. The referendum language must state specific dollar amounts and an applicable time period for the increase.

Record ID

WI002_LM12

Footnotes

The levy limit is permanent, at 0% growth except for new construction less improvements removed, but not less than zero, for the base levy. A town with a population of less than 2,000 may exceed the limit if an authorizing local resolution is adopted at an annual budget meeting

Sources

Wis. Stat. § 66.0602 (in effect for 2012)
Mullins, Daniel and Kimberly Cox. 1995. Tax and Expenditures Limits on Local Governments, M-194, Washington, DC: Advisory Commission on Intergovernmental Relations. View Archived Source

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