Definition

• The tax levy is the amount of money that a community brings in through personal and property taxes. The property tax levy is money raised solely from property owners in the community; it is in no way related to the income taxes paid to state and federal governments.
  
  

Uses

• Money raised from your community's property tax levy is generally used for the betterment of the community; uses include schools, roads, police departments and infrastructure improvement. Special property tax levies are sometimes used for special projects, such as building a sports arena.
  
  

Levy Amount

• The town, city or county government where the property is located determines the tax levy for the upcoming year, after consultation with local recipients of funding to determine their operating needs. Some communities place a cap on how much the property tax levy can increase in coming years.