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Who is Really Raising Your

Property Taxes?

Typical Tax Year
Assessment increase
Property Assessment

Levy Increase

Taxes Increased

Current Year

Year 2

$

1,000.00

# Identical Houses

$

1,500.00

10

District Total EAV
(Prop Assess * houses)

$

Taxing Body Levy Extension

10

10,000.00
$

$

100.00

15,000.00
$

150.00

Tax Rate
(Extension/District EAV) * 100

$

1.00

$

1.00

Tax Bill
(Prop Assess * Tax Rate)/100

$

10.00

$

15.00

Assessment Increase Does NOT
Increase Taxes
Assessment Increase

Levy Unchanged

Taxes Unchanged

Current Year

Year 2

Property Assessment

$

1,000.00

# Identical Houses

$

1,500.00

10

District Total EAV
(Prop Assess * houses)

$

Taxing Body Levy Extension

10

10,000.00
$

$

100.00

15,000.00
$

100.00

Tax Rate
(Extension/District EAV) * 100

$

1.00

$

0.67

Tax Bill
(Prop Assess * Tax Rate)/100

$

10.00

$

10.00

Lower Assessment Does NOT Lower
Taxes
Assessment Decrease

Levy Unchanged

Taxes Unchanged

Current Year

Year 2

Property Assessment

$

1,000.00

# Identical Houses

$

500.00

10

District Total EAV
(Prop Assess * houses)

$

Taxing Body Levy Extension

10,000.00
$

10
$

100.00

5,000.00
$

100.00

Tax Rate
(Extension/District EAV) * 100

$

1.00

$

2.00

Tax Bill
(Prop Assess * Tax Rate)/100

$

10.00

$

10.00

Levy Increase Raises Taxes
Assessment Unchanged

Levy Increased

Taxes Increased

Current Year

Year 2

Property Assessment

$

1,000.00

# Identical Houses

$

1,000.00

10

District Total EAV
(Prop Assess * houses)

$

Taxing Body Levy Extension

10

10,000.00
$

$

100.00

10,000.00
$

150.00

Tax Rate
(Extension/District EAV) * 100

$

1.00

$

1.50

Tax Bill
(Prop Assess * Tax Rate)/100

$

10.00

$

15.00

Who is Raising Your Taxes?
Assessment

Levy

Taxes