Tax Levy & Tax Rate
Tax Levy- 2021-2022 Information
The approved 2022 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 2021 to fund 2022 operations is $7,444,435 an increase of 1.93% or $141,024 from the prior year plus the TIF-allocated levy of $218,111 for a total of $7,662,546. The Village levy includes $550,000 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. New in 2022 is $550,000 of tax levy allocated to a new transportation fund. This fund was created with the goal of addressing the Village's road infrastructure as well as other transportation needs such as bridges and pathways. In the prior year $1,100,000 of levy dollars was allocated for the MMSD capital charge, reducing the levy to $550,000 allows the Village to have funding for transportation. The sewer user fee was increased by $190.78 per household.
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 2021 levy (property assessment as of January 1, 2021) was $1,276,678,200.
The tax rate for the December 2021 bill (collected for 2022 operations) is $7,662,546/ ($1,275,576,200/ $1,000) = $6.007. Below is additional information.