Distinguish, differentiate, compare and explain what is the difference between Tax Levy and Tax Rate. Comparison and Differences.

Difference between Tax Levy and Tax Rate

Tax Levy
Tax Levy is amount of money collected through taxes. District can directly control the levy by controlling spending. District/community can indirectly control the levy by advocating for:

  • More State Aid
  • Gap Elimination Adjustment (GEA) restoration
  • Mandate Relief

Tax Rate
Tax Rate is how the levy is distributed among the assessed properties in the District.
More growth = Greater assessed values = Lower Tax Rate.
District can indirectly influence the assessments in the town by continuing to provide an excellent comprehensive education to the students in the community.

About Author: Jeniffer Fleming