My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
2004-03-10 CC Meeting
Centerville
>
City Council
>
Agenda Packets
>
1996-2022
>
2004
>
2004-03-10 CC Meeting
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
6/19/2009 10:14:43 AM
Creation date
6/19/2009 10:12:14 AM
Metadata
Fields
Template:
General
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
193
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
<br />The governing body may, at its discretion, at any time after the obligation have been authorized, adopt a resolution <br />levying only a portion of such taxes, to be filed, assessed, extended, collected and remitted as hereinafter provided, <br />and the amount or amounts therein levied shall be credited against the tax required to be levied prior to delivery of <br />the obligations. <br /> <br />The recording officer of the municipality shall file in the office of the county auditor of each county in which any <br />part of the municipality is located a certified copy of the resolution, together with full information regarding the <br />obligations for which the tax is levied. No further action by the municipality is required to authorize the extension, <br />assessment and collection ofthe tax, but the municipality's liability on the Obligations is not limited thereto and its <br />governing body shall levy and cause to be extended, assessed and collected any additional taxes found necessary <br />for full payment of the principal and interest. The auditor shall annually assess and extend upon the tax rolls the <br />amount specified for such year in the resolution, unless the amount has been reduced as authorized below or, if the <br />municipality is located in more than one county, the portion thereof that bears the same ratio to the whole amount <br />as the tax capacity value of taxable property in that part of the municipality located in his county bears to the tax <br />capacity value of all taxable property in the municipality. <br /> <br />Tax levies so made and filed shall be irrevocable, except that if the governing body in any year makes an <br />irrevocable appropriation to the debt service fund of moneys actually on hand or if there is on hand any excess <br />amount in the debt service fund, the recording officer may certiJy to the county auditor the fact and amount thereof <br />and the auditor shall reduce by the amount so certified the amount otherwise to be included in the rolls next <br />thereafter prepared. <br /> <br />All such taxes shall be collected and remitted to the municipality by the county treasurer as other taxes are <br />collected and remitted, and shall be used only for payment of the obligations on account of that levied or to repay <br />advances from other funds used for such payments, except that any surplus remaining in the debt service fund <br />when the obligations and interest thereon are paid may be appropriated to any other general purpose by the <br />municipality. <br /> <br />Class Rate <br /> <br />The factors (class rates) for converting estimated market value to net tax capacity represent a basic element of the <br />State's property tax relief system and are therefore subject to annual revisions by the State Legislature. <br /> <br />Refer to the following page for a partial summary of these factors. <br /> <br />(Remainder ~f page left intentionally blank) <br /> <br />-19- <br />
The URL can be used to link to this page
Your browser does not support the video tag.