Levy limit under Proposition 2 1/2 is the maximum allowed increase, which is 2.5 percent of the prior fiscal year's levy.

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Multiple Choice

Levy limit under Proposition 2 1/2 is the maximum allowed increase, which is 2.5 percent of the prior fiscal year's levy.

Prop 2 1/2 places a cap on how much a city or town can increase its property tax levy each year. That cap is 2.5 percent of the prior year's levy, so the maximum year-to-year increase you can raise through the levy is 2.5% of what was levied last year. The other percentages listed are not the standard cap under this provision, which is why 2.5 percent is the correct choice.

Prop 2 1/2 places a cap on how much a city or town can increase its property tax levy each year. That cap is 2.5 percent of the prior year's levy, so the maximum year-to-year increase you can raise through the levy is 2.5% of what was levied last year. The other percentages listed are not the standard cap under this provision, which is why 2.5 percent is the correct choice.

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