Village budget raises tax rate 2.82%

Ozaukee Press Staff

The Saukville Village Board on Tuesday passed a 2019 budget that increases the tax levy by 1.146% and the tax rate by 2.82%.

The total tax levy, including debt and tax incremental financing, totals $3 million, up $34,089.

The tax rate on this month’s tax bills will be $7.139 per $1,000 of assessed value, up 19.6 cents over last year.

That means the owner of a $200,000 house will pay $1,427.80 in village property taxes, $38 more than in 2018.

The increased tax rate is mainly due to a drop of $6.98 million in village property valuation, which translates to a $48,632 drop in tax revenue, officials said.       

The drop in valuation was due to three factors:

A successful taxation appeal made to the state by Charter Steel affecting the village tax rate this year by $2.38 million.

A new tax exemption by the state on machinery tools that reduced personal property values by more than $3.43 million.

A decrease in the state equalized tax ratio of the village from 100.78% to 95.46% because property has been selling for more than its assessed value.

Total village spending goes up 2.16%, about $170,000, to $3,582,558 million while revenue rises 1.23%, about $37,500, to $1,785,699 from 2018 under the new budget.

The main spending increases are  in public safety where unionized police personnel get a 2% pay increase and a $21,681 increase in health care premiums.

The budget includes a 1.64% increase, or $54,988, in the village operating budget and a 0.5% increase, or $938, in the capital budget. Under the state spending limit law, the village was eligible to increase its operating budget by 2.8%.

Debt payments increase almost 2.53% to $1.1 million to pay for 2017 projects on Church and Center streets and a 2017 trust fund loan for equipment.



Click Here to Send a Letter to the Editor

Ozaukee Press

Wisconsin’s largest paid circulation community weekly newspaper. Serving Port Washington, Saukville, Grafton, Fredonia, Belgium, as well as Ozaukee County government. Locally owned and printed in Port Washington, Wisconsin.

125 E. Main St.
Port Washington, WI 53074
(262) 284-3494


User login