The approved 2021 budget includes a specific dollar tax levy for the Village to meet its operating and capital needs for the upcoming year. The levy approved in November 2020 to fund 2021 operations is $7,303,411 an increase of 1.69% or $121,313 from the prior year plus the TIF-allocated levy of $196,375 for a total of $7,499,786. The Village levy includes $1,100,000 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 2020 levy (property assessment as of January 1, 2020) was $1,252,606,200.
The tax rate for the December 2020 bill (collected for 2021 operations) is $7,499,786/ ($1,252,606,200/ $1,000) = $5.9873. Below is additional information.