Oct. 25, 2016 – West Bend, WI – The Board of Education of the West Bend School District unanimously approved to certify the 2017 tax levy in the amount of $ 38,478,702 at the October 24, 2016, Board of Education meeting. The approved levy is $546,755, or 1.44% higher than the prior year.
Under revenue limits, as property valuations increase, the mill rate may decrease due to the total levy being divided over a larger total worth. This is the third consecutive year that the District’s Equalized Assessed Value (EAV) has increased from the prior year – 1.95% (14-15), 1.96% (15-16), 2.76% (16-17). The District’s tax rate will decrease for 2017, mainly due to an increase in equalized assessed value and an increase in the state aid allocation.
The School Board approved a tax rate of $8.65 for 2017, which is a decrease of 1.26% from last year’s tax rate of $8.76. Taxpayers will see a decrease in the average mill rate of 11 cents per $1,000 of assessed value.
Courtesy West Bend School District.