Tax Rate Setting

Requires teamwork and the cooperation of a number of municipal officers.

A municipality’s tax rate is the amount of its annual property tax levy stated in terms of a unit of its tax base. To set a tax rate, a municipality must submit a “Tax Rate Recapitulation Sheet”, also called “the recap”, to DLS’ Bureau of Accounts (BOA). The recap displays a municipality's entire budget plan for the fiscal year. It summarizes all anticipated expenditures. The resources below can assist your community’s financial management team in the timely completion of the annual tax rate process.

Table of Contents

Who is involved with this process

Proposition 2 1/2

Property tax classification

Overlay

Tax rate recap

Other DLS guidance

Tools

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