What is deducted from budget amounts to determine the amount to be raised by property tax?

To determine the amount to be raised by property tax, revenues anticipated from various sources are deducted from the budget amounts. This is because the total budget reflects the municipality's financial needs, including expenditures for services, maintenance, and other operational costs. By estimating income from non-property tax sources—such as state funding, grants, and fees—the municipality can ascertain the shortfall that must be covered through property taxation.

The anticipated revenue essentially acts as a credit against the total budget, allowing the municipality to focus property tax assessments on the remaining amount that needs to be funded. This approach helps in ensuring that the property tax burden is distributed fairly and accurately reflects what is needed to meet the financial requirements of the local government.

Other choices, such as current property values or previous year's expenditures, do not directly explain the process of determining the amount to be raised through property tax. While special district costs might be a factor in certain calculations, they do not represent the broader approach to identifying the necessary property tax adjustments.