Property Tax & Tax Replacement

A levy authority is a governmental entity with statutory authority to levy property taxes. These entities include counties, cities, school districts, townships, community colleges, local assessors, and others. Levies are set by each governmental entity during the budget process.

A unique set of levy authorities that have authority to levy property taxes for the same parcels of land. Also known as property tax district or tax district.

The amount of a levy authority's budget that is not funded by other sources of funds divided by the taxable value of all the property in the levy authority's tax districts. The result is in "dollars per thousand." For example, If the dollars per thousand were $10, the tax on a home valued at $50,000 would be calculated at $10 x 50. The tax on that home would be $500 for that single levy authority. Also known as property tax rate and property tax levy rate.

The rates for all levy authorities within a tax district added together, resulting in a single tax levy. The consolidated levy rate is always the result of two or more tax rates established by different levy authorities. Also known as consolidated rate.

The taxes collected based on a real property's taxable value.