Tax Levy

The property tax levy is the revenue a community can raise through real and personal property taxes. We will refer to the property tax levy simply as the levy. In Massachusetts, municipal revenues to support local spending for schools, public safety and other public services are raised through the property tax levy, state aid, local receipts and other sources. The property tax levy is the largest source of revenue for most cities and towns.

Resources

These resources were excerpted from the Department of Revenue’s Levy Limits: A Primer on Proposition 2 ½ (PDF):

• How a Levy Limit is Calculated (PDF)
• How a Levy Ceiling is Calculated
• How a Levy Limit is Increased