Tax rates drop in 2018 Mukwonago budget

By Freeman Staff

Nov. 10, 2017

MUKWONAGO - The Village Board unanimously approved on Thursday night a 2018 budget that will increase the village’s total tax levy by $101,123 due to an increase of 2.208 percent in net new construction, according to the Mukwonago 2018 Annual Budget Document.

The total tax levy is $6,116,007, which includes the Tax Incremental District #3. The tax levy is the total amount of real estate tax revenues the village collects to operate government.

The village’s total equalized value is $839,258,300, an increase of $37,095,000, or 4.62 percent.

For village properties within Waukesha County, the local tax rate is estimated at $8.0548, a decrease of $0.1044 per $1,000 of assessed value, or minus 1.28 percent.

For Waukesha County properties, an owner of a $220,000 home would pay a village tax of $1,772.06, a decrease of $22.97.

For village properties within Walworth County, the local tax rate is estimated at $7.6342, a decrease of $0.1392 per $1,000 of assessed value, or minus 1.79 percent.

For Walworth County properties, an owner of $220,000 home would pay a village tax of $1,679.53, a decrease of $30.62.

Total expenditures rose to $4,568,476, an increase of $150,124, or 3.4 percent. Of the increase, $137,385 resulted from planned and contractual compensation, related WRS, Deferred Comp, FICA taxes and health insurance increases. Also, $32,000 was budgeted for a reserve to decrease the village’s unfunded liability balance.