What is the new statutory standard for exemption from the county library property tax levy?
First, find out the county tax rate for library service in the current year (which is based on the county library appropriation approved the prior fall and equalized property valuations set by the State Department of Revenue the prior year). Then, apply this rate to the library municipality s equalized property valuations set by the Department of Revenue the current year. If the municipality s library appropriation for the upcoming year is greater than the result of this calculation, the library s municipality may apply to the county for exemption from the county library tax. However, any library not meeting minimum standards adopted as part of the county library plan may be denied an exemption. If our library receives substantially more county funding in 2001 as a result of the new “70 percent” funding requirement, will that affect the ability of our municipality to qualify for funding under the Wisconsin Expenditure Restraint Program? Perhaps. If additional county funding results in
Related Questions
- Our county currently funds our library at 100% of the statutory formula; do the statutes now mandate that they fund at 70%?
- Does the statutory county tax levy rate freeze prevent an increase in county library funding?
- What is the new statutory standard for exemption from the county library property tax levy?
