|June 30 2017 Newsletter||(888) 516 9594|
|State Certifies Levy Growth Factor|
Local government is restricted to the amount of property tax that may be levied in a given year. This is called the maximum levy limitation. Maximum levies were set back in the 1970s based on the local governments' spending at that time. Ever since then, maximum levies have been growing by an annual growth factor.
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