Tax Levy / Budget

A full narrative budget has been developed for the Village since the year 2000 by the Village Administrator and staff,  so that any interested person can come to learn and understand what is contained in each of the adopted annual budgets. Each book contains: the Mission Statement, Strategic Goals,Organizational Chart, Departmental Summaries, Annual Goals and Achievements, Performance measures, Explanations of revenues and expenditure accounts, Capital Improvement Plans, Water,Sewer, Storm Water and TIF budgets, Debt Service, Demographics , Citizen survey results and other detailed information......a budget and Village finances don't  get much more transparent then this.

2012 Budget in a Nutshell

The mil rate for 2012 is estimated to come in at 3.196918.The mil rate for 2011 is 3.376679. The adopted mil rate for 2010 was 3.33737. Last year the tax levy was $455,300.00 and this year it will be $434,323.00 Assessed values went from $134,836,000.00 up to an estimated $135,856,796.00

 

Your Property Tax Bill - Where Your Tax monies go.

The 2012 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".       

 $434,323.00       Amount to be levied     
 $135,856,796.00 Assessed valuation  (The estimated equalized rate is at 1.042855748 according to the Dept of Revenue)

 

2012 Budget

Denmark residents hopefully will recognize that the Village portion of their combined tax rate is a little lower this year when they open their tax bills. A home with a value of $100,000 should see a reduction of about $18.00 in the Village portion of the levy.  

The Village also needs to assess the TIF levy on properties within the established TIF district #1. The TIF matures in 2012 and will expire in 2017. 

The following is a summary of the proposed 2012 Village Operational Budget. Copies of the 2012 Water Utility budget, the 2012 Sewer Utility Budget, the 2012 TIF Budget and the Storm Water Utility Budget are available at the Village Clerk's office at Village Hall.

Click on the "highlighted underlined blue listing below to open up the file containing the detailed line item by line item revenue and expense accounts that make up the 2012 Village Budget.

2012 Proposed Village Budget