Tax Levy / Budget

2010 Buget in a Nutshell

The mil rate for 2010 is 3.33737. The adopted mil rate for 2009 was 3.32613. Last year the tax levy was $440,893.00 and this year it will be $450,926.00. Assessed values went from $132,173,900.00 up to $133,658,700.00

HISTORICAL LISTING OF VILLAGE MIL RATES: 1997 Through 2009

Year:	1998	1999	2000	2001	2002	2003
Mil Rate:	3.0171	2.529	2.878	2.905	3.223	3.1366

Year:	2004	2005	2006	2007	2008	2009	2010
Mil Rate:	3.455	3.4611	3.689	3.6909	3.9016	3.3357	3.33737

Breakdown of the Property Tax Bill - Where Your Tax monies go.

The 2010 tax levy for the Village of Denmark includes levies for the School District (46%), the Technical College (8%), Brown County(24%) the Village (16%) and the State of Wisconsin (1%). It also includes a levy for Tax Incremental District # 1 in the Village of Denmark. The Village portion of the mil rate is determined by dividing the "allowable levy" by the "assessed valuation".       

 $450,926.00      Amount to be levied (set by State levy freeze)      
 $133,658,700.00 Assessed valuation  (The estimated equalized rate is at 100.54% according to the Dept of Revenue)

 

2010 Budget

The preparation of the 2010 budget occurs within the context of the worst economic downturn the nation has faced since the Great Depression. The near collapse of financial markets, foreclosures on homes, loss of value in the housing market, manufacturing and service business layoofs, and reduced spending have contirubted to belt tightening at all levels of government. These difficult economic times are reflected in the proposed budget.

For the past four years, the Village has dealt with levy limit restrictions imposed by the Sate Legislature. However, the Village of Denmark's budgeting practices have not been significantly affected by these State restriction because of it's long history of holding the line on tax increased. Even when it may have not been necessary to cut expenditures, the Village Board decided to do so each year. Basically, local resistance to tax levy increases have been more restrictive then the State mandated levy freezes.

The following is a summary of the 2010 Village Operational Budget. Copies of the 2010 Water Utility budget, the 2010 Sewer Utility Budget, the 2010 TIF Budget and the Storm Water Utility Budget are available at the Village Clerk's office at Village Hall.

Download XLS file of 2010 Village Budget

(requires Microsoft Excel)