How is the town able to raise my taxes by more than the 2 ½ % limit prescribed by Proposition 2 ½?

Proposition 2 ½ pertains to the total amount of monies raised by taxation also known as the tax levy. Generally speaking, the tax levy may not increase greater than 2.5 percent over the prior year’s levy plus a factor referred to as new growth which captures the increase in valuation and the tax levy attributable to new construction. however, this limitation does not pertain to individual tax bills. Your bills may increase or decrease by any amount in any given year.