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Why the Town Needs to Override the Tax Cap Real Property Tax Levy 2019 $ 2,918,159 Tax Base Growth Factor 1.0084 Allowable Levy Growth Factor 1.0200 Available Carryover from 2019 $ 5,415 2020 Tax Levy Limit $ 3,006,940 Tax Increase Allowed from 2019 to 2020 without passing a local law to override the tax cap $ 88,781 2019 Garbage Cost (per parcel) $ 198 2020 Garbage Cost (per parcel) $ 228 Increase (per parcel) $ 30 Number of parcels 3,104 Tax Increase solely from Garbage Cost Increase $ 93,120 Amount that the garbage cost increase pushed the Town over the tax levy limit $ 4,339 Additionally there will be $21,500 in tax revenue increase from Assessed Value increases 17