PERCENTAGE OF COLLECTION EXPRESSES IN %FORM THE AMOUNT COLLECTED FOR CURRENT YEAR DIVIDED BY

• A. TOTAL CURRENT TAX LEVY
• B. TOTAL CURRENT YEAR TAXES DUE
• C. TOTAL PRIOR YEAR LEVY
• D. TOTAL ASSESSED VALUE

Answer: (A)

The key idea is that the percent of collection shows how much of what was billed for the year actually came in. It is calculated by taking the amount collected in the current year and dividing it by the total tax levy for the current year. The levy represents the full amount the taxing authority intended to collect based on the current year's rates and assessed values, so using it as the denominator gives a true measure of collection efficiency for that year.

Using the total current year taxes due would mix what was billed with what is still owed, including adjustments, discounts, or penalties. The prior year levy isn’t relevant to current-year collection, and the assessed value is just a valuation, not the monetary levy to be collected.