Brookfield’s village board on Dec. 10 will hold a public hearing on its proposed 2012 tax levy, for taxes collected in 2013.
The village board on Nov. 12 passed a resolution approving the estimated 2012 tax levy, which proposes raising the village’s share of property taxes by about 5.4 percent next year. The figure includes taxes paid to support village government and the operation of the Brookfield Public Library.
In all, the village hopes to collect $10,368,922 in property taxes in 2012, although it will probably collect less than that due to the state’s tax cap law, which limits increases to 5 percent or the consumer price index, whichever is less. The CPI for the 2012 tax levy is 3 percent.
In 2011, the village’s total tax levy was $9,840,637.
The village has asked for an amount greater than 5 percent in order to capture revenue from any new development in the village in the past year. Properties where new development has taken place can be taxed at a higher rate.
The library proposes a 6.8 percent increase in its tax levy from 2011, totaling $2,164,800.
Police and fire protection account for more than half of the village’s proposed corporate tax levy of $8,170,984. Of that amount about $4.9 million is going toward police and fire protection. Another $1.8 million is being put toward police and fire pension contributions.
Just $1.4 million – a 4 percent decrease from the 2011 tax levy – will be put toward general government services, according to the estimate discussed by the board on Nov. 12.