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Notice of Possible Quorum of Town Board at Village Meeting: TOWN OF PALMYRA - TOWN BOARD NOTICE TO PUBLIC ABOUT POSSIBLE TOWN BOARD QUORUM IN ATTENDANCE AT VILLAGE MEETING This notice is given to inform the public that a quorum of Town of Palmyra Board members may be in attendance at the Village of Palmyra’s Special Village Board Meeting, scheduled for January 13, 2025, at 6:00 p.m., at the Palmyra Public Safety Building at 126 First Street, Palmyra, WI.  This is a Village meeting where a quorum of Town Board members MAY be present.  No Town business will be conducted, and Town attendance  is merely for information gathering purposes.   (Please note a Town of Palmyra Board meeting is scheduled to begin at 7:00 p.m. the same evening).   Michele Smith, Clerk/Treasurer Town of Palmyra (262) 495-2049

Explanation of Property Tax Increase due to Exceeding Levy Limit

The Town of Palmyra’s original Levy amount for 2022, to be paid in 2023, is $470,075.26.  The Town of Palmyra’s Aggregate Assessed Value, from the Jefferson County’s Statement of Assessment, is $227,684,682.00.

The per thousand of assessed value is then $2.06 ((original levy / aggregate assessed value) * 1,000).

On a property worth $100,000 this would amount to a property tax of $206.46 for the Town of Palmyra.

 

The Town of Palmyra’s proposed exceeded Levy amount for 2022, to be paid in 2023, is $620,075.26.  The Town of Palmyra’s Aggregate Assessed Value, from the Jefferson County’s Statement of Assessment, is $227,684,682.00.

The per thousand of assessed value is then $2.72 ((exceeded levy / aggregate assessed value) * 1,000).

On a property worth $100,000 this would amount to a property tax of $272.34 for the Town of Palmyra.

 

If the Town of Palmyra exceeds their levy, at the proposed amount, the increase in property taxes per $100,000 property value is $65.88.