The Village of Fall River 2019 budget presentation highlights a total budget of $1,216,075 with a local property tax levy of $741,142. The village's mill rate is .0055971743 with an equalized property value of $145,090,700 and assessed value of $132,413,600 at an assessment ratio of 91.26%. Key projects for 2019 include repairing the village hall roof for $65,000, dam repairs for $50,000, and purchasing a portable generator for $35,000. The average property tax on a $170,000 home is $3,356, with the school portion being $1,291, the village portion $952, and

1. Village of Fall River
2019 BUDGET PRESENTATION

2. 2019 Budget Highlights
Total budget $1,216,075
Local property tax levy $741,142
Net new construction $3,532,500 (2.575%)
Village mill rate .0055971743
Equalized value $145,090,700
Assessed value $132,413,600
Assessment ratio 91.26%

3. 729,893
87,051
86,235
95,300
62,619
22,850
20,825
66,065
2,043
11,000
1,183,881
741,142
94,311
84,241
94,100
71,954
22,900
21,775
66,412
6,491
12,750
1,216,076
0
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
Revenue
2018 2019

4. 359,881
272,279
83,345
127,102
74,876
76,550
36,896
39,800
38,500
65,977
8,675
1,183,881
400,346
216,142
133,616
129,325
75,012
76,800
36,896
32,400
22,000
83,837
9,700
1,216,074
0
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
Expenses
2018 2019

5. 2019 Projects
Project Cost Funding
Village Hall roof $65,000 2018 & 2019 budget
Dam repairs $50,000 Grant, Reserve Fund, Split w/ Fountain Prairie
SCBA for Fire Department $40,000 2019 budget
Portable generator $35,000 2019 Water & Sewer budgets
Squad $30,000 Reserve Fund

6. $0
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
$1,400,000
$1,600,000
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
2009 – 2018 Levy History
School Village County MATC State

7. 0
5
10
15
20
25
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
2009 – 2018 Mill Rate History
Total School Village County MATC State School tax credit

8. School
39%
Village
28%
County
28%
Vo-Tech
5%
State
0%
Property Tax
Distribution

9. $3,331
$3,666
$3,529
$3,647
$3,388
$3,309
$3,250
$3,415
$3,500
$3,356
$3,000
$3,100
$3,200
$3,300
$3,400
$3,500
$3,600
$3,700
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Property tax – $170,000 home

10. School, $1,291
Village, $952
County, $944
Vo-Tech, $169
Property Tax
Distribution
$170,000 home
$3356 total tax
Includes School Tax Credit
Does not include
First Dollar or Lottery Credits