Property Tax Levy Limit

State

Wisconsin

Year

2014

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 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_LM14

Footnotes

With the adoption of the biennium budget for 2013-2015, the levy limits were made permanent, at the current 0% growth except for new construction. The biennium budget 2013-2015, 2013 Act 20 increases the carry forward unused levy capacity for 0.5% of the prior year's levy to 1.5%.. A simple majority of the board is required to carry forward up to 0.5%, and a super-majority of the board to carry forward up to 1.5%. 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 2014)
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
2013 Wis. Act 20

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