Tax Levy

The 2023 Tax Levy was approved by the Board of Trustees on December 4, 2023 under Ordinance 2023-13. The amount levied is less than the Consumer Price Index of 7% and the Property Tax Extension Limitation Law (PTELL) of 5%. A Truth in Taxation Hearing was not required. Below is a breakdown of the levy request:

Table of the 2023 Tax Levy with a Comparison to the 2022 Extension
  2023 Levy Request 2022 Extension
Corporate $572,250 $545,000
Liability Insurance 42,000 40,001
Audit 10,500 10,001
Parks & Recreation 68,250 65,001
Social Security 63,000 60,001
Police Protection 183,750 175,001
Street Lighting 4,460 4,250
Total Levy

$944,210


$899,255

 

 

Per State law, a Revenue Recapture of $1,773.35 will also be levied.