What is the levy limit?
The levy limit is the maximum amount a community can raise through property taxes in any
given year. The levy limit is based on the previous year's limit plus allowable increases.
These allowable increases include the annual 21Ž2 percent increase, new growth and overrides.
The levy limit will always be below or at most equal to, the levy ceiling of 21Ž2 percent of the
total full and fair cash value of the community's taxable real and personal property. A
community may also levy above the levy limit or ceiling through an exclusion.

Show All Answers

1. What is the levy limit?
2. What is the difference between an override and a debt exclusion or capital outlay exclusion?
3. What types of expenditures can be made without an appropriation?
4. How can a community plan for increases in education funding?
5. What are available funds?