Proposition 2 1/2 in Massachusetts Explained

Gardner Magazine thanks the state of Massachusetts for making these explanation videos available on the mechanics of Levy Limits and Proposition 2 ½.   

These videos are excellent resources to explore the following topics: What is Proposition 2 1/2?, What Is a Levy Limit and how is it calculated?, What is New Growth and how is it calculated?, what is the levy ceiling and how is it calculated?, How can a community levy above its levy limit/ceiling?, What is a Levy Limit Override or Underride?, What is an exclusion?, What are the differences between and Override and an Exclusion?, and What is Excess Levy Capacity?

The State of MA put out a Primer on Prop 2 1/2. Download pdf CLICK HERE.

An Overview Video: What is Proposition 2 1/2 which has been around for more than 40 years?

What is a Levy Limit and how is is calculated?

What is New Growth and how is it calculated?

What is the levy ceiling and how is it calculated?

How can a community levy above its levy limit/ceiling?

What is a Levy Limit Override or Underride?

What is an exclusion?

What are the differences between and Override and an Exclusion?

What is excess levy capacity?