The approved 2018 budget includes a specific dollar tax levy for the Village to meet its operating and capital needs for the upcoming year. In 2017 the total levy was $6,859,780 an increase of 1.02% or $69,480 from 2016 plus the TIF-allocated levy of $206,462for a total of $7,066,242. The Village levy includes $1,375,000 for capital charges to MMSD (Milwaukee Metropolitan Sewage District). The district charges the Village annually a capital charge to support the district infrastructure based on Village property values.
Property tax bill preparation and collection is handled by the Village Clerk / Deputy Treasurer. The tax levy approved in the Village budget is applied to the Village’s total assessed value of property to determine a tax rate per $1,000. Total assessed value of property in the Village for the 2017 levy (property assessment as of January 1, 2017) was $1,081,526,300.
The tax rate for the December 2017 bill (collected for 2018 operations) is $7,066,242/ ($1,081,523,300/ $1,000) = $6.5336. Below is additional information.