Lisbon sees lower tax bills
Town of Lisbon - Many Lisbon property owners are paying less in real estate taxes this year compared to last year because of lower school taxes.
It is not an unusual for Village of Sussex taxpayers to occasionally experience lower real estate tax bills because the assessed valuation of properties for tax purposes are adjusted yearly and will cause tax bills to rise and fall, according to Village Clerk Sue Freiheit.
Assessed valuations in the town are not adjusted yearly, according Town Clerk/Administrator Jeff Musche. Musche said he could not estimate the number of lower tax bills in the town but he said many of them belong to homeowners living in the Arrowhead, Merton community, and Hamilton school district.
"The Merton school district taxes went down about 3 percent; there was very little change in Arrowhead taxes. They practically flat-lined and there was a little decrease in Hamilton taxes for a Town of Lisbon residents," he explained.
He said he did not know how much the average tax bill reduction was this year. There were, however, indications of reductions of $45 to $50 on some tax bills for homeowners who lived in the Merton and Arrowhead school districts.
Merton Community School District is an elementary and middle school district that serves the western edge of the town. Arrowhead is a high school district that serves most town residents who live west of Highway 164. Residents living east of Highway 164 are served by the Hamilton district which is kindergarten through high school.
Musche said a slight reduction in the town's equalized valuation was a factor that contributed to the decrease in school taxes.
The equalized valuation is the estimated value of all properties within a district or municipality as established by the state Department of Revenue. It is usually a higher and more up-to-date estimate than the assessed valuation of a community which is established by the local assessor.
The equalized valuation is intended to make sure that each community within a school district contributes equitably to funding the district.
Musche explained that when a community's equalized valuation is lowered, it often pays less of a share that year in the school district tax levy.
The tax levy is the total amount of taxes a school district or municipality seeks to raise. The tax rate is the amount each individual home owner pays toward the levy based on the assessed valuation of their property.
While school taxes represent the biggest share of an individual tax bill, other government units such as Waukesha County, Waukesha County Technical College and the state contributed to the lower tax bill with lower individual levies in 2012 compared to 2011. The Town of Lisbon was the only increase on the tax bill with a 1.1-per cent increase above 2011.
Top stories from the Lake Country area. Tuesday afternoons and Thursday mornings.
Enter your e-mail address above and click "Sign Up Now!" to begin receiving your e-mail newsletter Get the Newsletter!
Click here for stories
on community pride
Do you have news or a nonprofit event that you would like to share with the community? Whether it's a community organization, a business, a local school, or a notable neighbor, we'd love to hear about it.
- Local Doctors Discuss: Great Source for Reliable Information on Nutritional Supplements
- Call for Artists to Participate in WRAP Exhibit
- MHS Key Club selling bracelets to sponsor students in less developed countries
- Woodside contributes baskets for families in need
- Landscape Plastic Recycling Event Success
- Templeton bands to perform holiday concerts
- Guarantee Digital Announces New Marketing Programs for Lake Country Merchants
- Country Roads Take Me Home to the Schauer Center
Lake Country residents share their views on news, happenings and current events.
LivingLakeCountry.com features more than a dozen community bloggers - a group of volunteer conversation leaders who are up on the latest topics and never short on an opinion. Just a few are pictured here. Check out the rest and see what they have to say!
View All Blogs
Do you want to become a Community Blogger? LivingLakeCountry.com welcomes your thoughts and opinions. Contact us for more information:
I want to blog