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Why is there a difference between the real property tax levy in the tax limit data and the real property taxes that appear in the revenues report?

April 26, 2017appear Data difference levy limit property taxes revenues tax

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Why is there a difference between the real property tax levy in the tax limit data and the real property taxes that appear in the revenues report?

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The difference is mainly due to the timing of the filed data. The tax limit data is obtained from the municipality’s budget, which is required to be filed 10 days prior to budget adoption. The real property tax data is actual data, which is filed after the end of the municipality’s fiscal year.