In recent weeks Madison homeowners received their 2006 assessments. Most of us saw an increase in the value of our homes. What will this mean for the next property tax bill?
Last spring Grandparents United for Madison Public Schools attempted to explain that school property taxes had actually gone down for many Madison homeowners over the previous 10 years.
Now it’s time to revisit five factors that influence the school district’s role in your property tax bill.
School District tax levy: Property taxpayers fund a little less than two-thirds of the Madison School District budget, which was $321 million in 2005-06.