What information should be reflected in the statistical section concerning property tax levies?

The statistical section concerning property tax levies should include information about the year for which taxes are levied. This is essential for providing a clear understanding of the current property tax framework and its implications for revenue. By focusing on the year for which taxes are levied, stakeholders gain insight into the financial plans of the entity for that specific tax cycle, including how much revenue is expected from property taxes, which can influence budgeting and financial planning.

This focus on the year of levies allows for a more accurate analysis over time, enabling comparisons of tax revenues across different years and helping to identify trends in property tax assessments. It is important because it reflects decisions made in that fiscal year which may be tied to current economic conditions, property values, and local funding needs. Understanding the context of the leveraging period helps in assessing the tax policy's effectiveness and its alignment with community requirements.