How much do you know about the state's tax levy limit (aka, tax cap)? Take our quick quiz now.
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The same as last year.
An eight-step formula that each school district must use to calculate its individual tax levy limit. In particular, the calculation adjusts a district's tax levy to reflect growth in the local tax base and the rate of inflation or 2 percent (whichever is lower).
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I always guess "C" in multiple choice.
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