Tax Levy and Village Budget for 2012
December 16, 2011 | 03:22 PM Posted by the
Village
Manager
Notice: Due to a software change the individual
2010 levy amounts are not printed on the 2011 tax
bills. If you need a copy of your 2010 bill to
compare amounts, please contact the Clerk-Treasurer’s
office. The comparison amounts will be printed on
next year’s bills for 2011/2012.
On December 6, the Village President and Board of Trustees approved this year’s tax levy. It was reduced by 0.27% in comparison to last year’s levy. Since the year 2002, the Village’s tax levy has increased on average 1.8%.
Reducing the levy was difficult considering the extraordinary downward pressures affecting the United States economy. Greendale’s levy for this year was affected by greatly reduced interest income and increased refuse disposal costs. Significant savings were realized, however, in employee benefit costs due to Wisconsin Act 10 (Budget Repair Bill) and Act 32 (the Biennial Budget Bill).
It is important to note that the Village collects the total tax bill for all taxing entities, but does NOT control their tax levies. Changes in levies by the other taxing entities will impact the total tax bill paid.
It is also important to note that the actual amount and percentage change shown on individual tax bills is dependent upon how much the property’s value changed. Total Assessed Value decreased approximately 10% this year.
Below is a chart showing the levy changes over the past ten years.
On December 6, the Village President and Board of Trustees approved this year’s tax levy. It was reduced by 0.27% in comparison to last year’s levy. Since the year 2002, the Village’s tax levy has increased on average 1.8%.
Reducing the levy was difficult considering the extraordinary downward pressures affecting the United States economy. Greendale’s levy for this year was affected by greatly reduced interest income and increased refuse disposal costs. Significant savings were realized, however, in employee benefit costs due to Wisconsin Act 10 (Budget Repair Bill) and Act 32 (the Biennial Budget Bill).
It is important to note that the Village collects the total tax bill for all taxing entities, but does NOT control their tax levies. Changes in levies by the other taxing entities will impact the total tax bill paid.
It is also important to note that the actual amount and percentage change shown on individual tax bills is dependent upon how much the property’s value changed. Total Assessed Value decreased approximately 10% this year.
Below is a chart showing the levy changes over the past ten years.
