The levy imposed on actual property inside Madison, Wisconsin, funds important metropolis providers resembling public training, infrastructure upkeep, and emergency providers. This cost is often calculated based mostly on the assessed worth of the property and expressed as a share or mill price. For instance, a mill price of 10 mills on a property assessed at $200,000 would lead to a $2,000 annual tax.
Secure and predictable municipal funding permits for constant service supply and long-term planning inside the metropolis. Historic charges and their fluctuations can present helpful perception into budgetary priorities and financial developments. Understanding how these levies are decided, utilized, and utilized promotes transparency and knowledgeable civic engagement. A well-managed system advantages each residents and the municipality by guaranteeing monetary stability and the continued provision of essential group assets.