Chapter 4.16
TAX RATE

Sections:

4.16.010    Additional taxes—Levy—Generally.

4.16.020    Additional taxes—Levy—Method.

4.16.030    Additional taxes—Records.

4.16.040    Additional taxes—Rate—Determination.

4.16.050    Additional taxes—Special rates.

4.16.060    Additional taxes—Assessment roll delivery to collector.

4.16.010 Additional taxes—Levy—Generally.

If the district has no revenue or if the revenues of the district are, or in the judgment of the board of directors are likely to be, inadequate to pay the interest on or principal of any bonded debt as it becomes due, or any other expenses or claims against the district, the board shall, within fifteen days after the close of its session as a board of equalization:

A.    Until each bonded debt is fully paid, levy upon the property within the district or improvement district therein benefited by the bonded debt, and cause to be collected, a tax sufficient to pay the principal of and interest on the bonded indebtedness to be known as the “Estero Municipal Improvement District bond tax”;

B.    Until all charges and expenditures in connection with the acquisition and operation of any water system of the district are fully paid, levy upon the property within the district and cause to be collected a tax sufficient to pay all such charges and expenses to be known as the “Estero Municipal Improvement District water tax”;

C.    Until all charges, claims, expenditures and expenses other than a bonded debt of any improvement district have been fully paid, levy within such improvement district and cause to be collected a tax sufficient to pay all the charges, claims, expenditures and expenses of each improvement district to be known as the “Estero Municipal Improvement District Improvement District No. tax”;

D.    Until all other expenses or claims against the district are fully paid, levy upon all of the property within the district and cause to be collected a tax sufficient to pay all those expenses or claims to be known as the “Estero Municipal Improvement District general tax.” (Ord. 12 § 1, 1962: Ord. 5 § 60, 1961)

4.16.020 Additional taxes—Levy—Method.

Subject to any other limitations in the Estero Municipal Improvement District Act or this article, the taxes shall be levied on property in the district as follows:

A.    The bond tax shall be levied upon the district or improvement district therein benefited by the purposes of the bonded debt, as stated in the resolution of the board declaring the necessity of incurring the bonded debt.

B.    The water tax shall be levied on the portion of all of the district as is benefited by the water system as determined by a resolution of the board.

C.    Each improvement district tax shall be levied solely upon the property within the improvement district as described in the resolution of the board creating such improvement district.

D.    The general tax shall be levied on all the property within the district. (Ord. 12 § 2, 1962: Ord. 5 § 61, 1961)

4.16.030 Additional taxes—Records.

The secretary annually prior to delivering the assessment roll to the collector shall compute and enter in a separate column of the assessment roll the respective sums in dollars and cents, rejecting fractions of a cent, to be paid on the property listed. (Ord. 5 § 62, 1961)

4.16.040 Additional taxes—Rate—Determination.

The rate of taxation shall be equal to the sum to be raised for district purposes divided by eighty-five percent of the aggregate equalized assessed value of the property to be levied on in respect of each separate rate as it appears on the assessment roll for the assessment year, the fifteen percent being deducted for anticipated delinquencies. (Ord. 5 § 63, 1961)

4.16.050 Additional taxes—Special rates.

If any property is subject to a special rate of taxation, on account of being in an improvement district or otherwise, the rates of taxation shall be adjusted to produce the sum to be raised computed upon the eighty-five percent of the aggregate equalized assessed value. (Ord. 5 § 64, 1961)

4.16.060 Additional taxes—Assessment roll delivery to collector.

On or before the first Monday in October of each year, the secretary shall deliver the assessment roll to the collector. (Ord. 5 § 65, 1961)