ORD 2009-027 2006-2008 - Laserfiche WebLink

Home

(1) The council shall advertise its intention to increase or decrease tax rates and the date, time, and place of a public hearing in [a-newspaper] two newspapers of general circulation. The [date ef4he] public hearing notice [shall pet he lean than ten `lays aF'°r the adyei4iseaient is first published) arid] shall set forth the tax rates or range of tax rates to be considered by the council. (2) [After the ublie fearing p aided F r : ph (1), the eouneil shall ed. dl..ertia° and- r within 4hfee weeks to adopt a resolu4ion fixing the twi rates fer the twi year for ,,.h:eh °'"t'• ta., reventies are to be raised. The advertisement shall state the -Hew ratpqq fixedand the date Ia F R, 1ed for fixing saeh rates. Th , time ~ 3H xse~r-rrce-rneetiix~sel3ed~lzz-r~rz~-xo date, time, and place of the meeting shell else be announeed at the publ:a hearing required by « ph (1)if the eltAien fixing the tax rates not uadeptedl within three weeks from the publie hearing required by paragraph (1), the eauneil shall again advertise and et required by p¢srr¢ph (1)r] The resolution to set the real property tax rates shall disclose the approximate amount of revenue to be raised for net taxable lands and net taxable buildings within each class of property, the approximate percentage of revenue from net taxable lands and net taxable buildings within each class of property, and shall set the real property tax rate to be assessed, expressed in terms of tax per $1,000 of net taxable lands and net taxable buildings within each class of property computed to the nearest cent. (3) [if after adopting an inerease or deerease in the tax- rates as provided b paragraphs (1) and (2), the ail determines that it requires a furl er F. edJ « adl the e iner-ease decrease in ta., rates or fails to aet in any St as ahRlI r°°'1••°'*:a° 2«'1 F ne.., the requirements of paragraphs (1) and (2).1 After the adoption of the resolution setting the real property tax rates, the council shall publish the adopted tax rates in two newspapers of general circulation. (4) If no action is taken by the council to increase or decrease the tax rates, then the tax rates as previously set shall be applicable to the subsequent tax year. [(e) The eouncil shall set the tax rates fer eaeh elass ef property using the fellowin rxetke& 1) Net t t° cm"c¢vxc xable ld.m..dla ai td..dahie buildings in property ( ao and ¢ net t c ccxxc¢vxc net 'v'vi¢thuxx 'ach a class ¢o~ of - shall be a ned1 entage of the total r e to he derived ftem real prapei4y. (2) The p e«tage of revenue to l.e r d.edl f net twEabl° le ids and ne twEable huddlings within each elass shall he multiplied) by the total reventwe to be raised Frem eal prepei4y or-dler to determine the amourA °F to be dleriyedl reveatte (3) The amewnt of revenue to l.eraised) F °r" net taxable buildings within earl. ~J Blass shall be divided by the net t°°°hle value of buildings in that elass to 2