How do levies affect tax rates?
Levies are made in dollar amounts. In order to raise the money requested in levies, County Clerks must calculate numbers which, when multiplied by the total equalized value (the tax base), will yield the amount of the levy. This number is the tax rate. Property tax rates are subject to limits set by the State Legislature. The applicable limit depends on the type of governmental unit and the type of fund. If the rate necessary to raise the amount of the levy is greater than the maximum legal rate, the maximum legal rate is applied and the amount of money raised is less than the levy. In some cases the tax rate limits may be modified by referendum.

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1. How does the equalization factor effect tax rates?
2. What is a levy?
3. How do levies affect tax rates?
4. What makes tax bills increase?
5. When are taxes extended (billed)?
6. How is the tax rate computed?