Get the free Levy Limit Worksheet - Wisconsin Department of Revenue
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Levy Limit Worksheet Wisconsin Department of Revenue State and Local Finance Division 2022 Spring MTA Conference La Crosse | April 2022Presenters Andrea Newman Wilfong Auditor, Local Government Services
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How to fill out levy limit worksheet
How to fill out levy limit worksheet
01
Gather all relevant financial information for your organization.
02
Start by entering your organization's name and contact information at the top of the worksheet.
03
Fill out the sections related to revenue sources, such as property taxes, state aid, and other funding sources.
04
Input your organization's expenses, including operating costs, debt service, and any other expenditures.
05
Calculate the levy limit by following the instructions provided on the worksheet.
06
Review your completed levy limit worksheet for accuracy and make any necessary revisions before submitting.
Who needs levy limit worksheet?
01
Local governments, school districts, and other taxing authorities typically need to fill out levy limit worksheets to determine their annual budget constraints and ensure compliance with state regulations.
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What is levy limit worksheet?
The levy limit worksheet is a document used by local governments to calculate the maximum amount of property tax revenue they are allowed to collect in a given year.
Who is required to file levy limit worksheet?
Local governments such as cities, counties, and school districts are required to file a levy limit worksheet.
How to fill out levy limit worksheet?
The levy limit worksheet is typically filled out by finance or budget officials within the local government using specific guidelines provided by the state.
What is the purpose of levy limit worksheet?
The purpose of the levy limit worksheet is to ensure that local governments do not exceed their allowable tax revenue limits set by state law.
What information must be reported on levy limit worksheet?
Information such as current property tax revenue, allowable growth factors, and any exemptions or exclusions must be reported on the levy limit worksheet.
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