Training Highlight: Tax Rate Setting Resources

This article highlights the importance of teamwork in tax rate setting, emphasizing the submission of a "Tax Rate Recapitulation Sheet" to the DLS' Bureau of Accounts. It provides resources to assist financial management teams in completing the annual tax rate process efficiently.

Author: Municipal Finance Training & Resource Center

Tax rate setting requires teamwork and the cooperation of multiple local officials.  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. The recap displays a municipality's entire budget plan for the fiscal year. It summarizes all anticipated expenditures.

Click below to find resources to assist your community’s financial management team in the timely completion of the annual tax rate process.

Tax Rate Setting Resources
Tax Rate Setting YouTube Playlist

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Editor: Dan Bertrand

Editorial Board: Marcia Bohinc, Linda Bradley, Tracy Callahan, Sean Cronin, Emily Izzo, and Tony Rassias

Date published:	September 19, 2024