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House Journal: Page 637: Tuesday, February 28, 1995

46     4.  Rate adjustment by county auditor.  In addition
47   to the requirement of the county auditor in section
48   444.3 to establish a rate of tax which does not exceed
49   the rate authorized by law, the county auditor shall
50   also adjust the rate if the amount of property tax
Page  17
 1   dollars to be raised is in excess of the amount
 2   specified in subsection 1, as may be adjusted pursuant
 3   to subsection 3.
 4     Sec. 118.  NEW SECTION.  444.25C  PROPERTY TAX
 5   LIMITATION FOR FISCAL YEAR 2000.
 6     1.  COUNTY LIMITATION.  The maximum amount of
 7   property tax dollars which may be certified by a
 8   county for taxes payable in the fiscal year beginning
 9   July 1, 1999, shall not exceed the amount of property
10   tax dollars certified by the county for taxes payable
11   in the fiscal year beginning July 1, 1998, minus the
12   difference between the amount by which the property
13   tax relief payment to be received by the county in the
14   fiscal year beginning July 1, 1999, exceeds the amount
15   of the property tax relief payment received by the
16   county in the fiscal year beginning July 1, 1998,
17   pursuant to section 331.438A, subsection 2, for each
18   of the levies for the following, except for the levies
19   on the increase in taxable valuation due to new
20   construction, additions or improvements to existing
21   structures, remodeling of existing structures for
22   which a building permit is required, annexation, and
23   phasing out of tax exemptions, and on the increase in
24   valuation of taxable property as a result of a
25   comprehensive revaluation by a private appraiser under
26   a contract entered into prior to January 1, 1992, or
27   as a result of a comprehensive revaluation directed or
28   authorized by the conference board prior to January 1,
29   1992, with documentation of the contract,
30   authorization, or directive on the revaluation
31   provided to the director of revenue and finance, if
32   the levies are equal to or less than the levies for
33   the previous year, levies on that portion of the
34   taxable property located in an urban renewal project
35   the tax revenues from which are no longer divided as
36   provided in section 403.19, subsection 2, or as
37   otherwise provided in this section:
38     a.  General county services under section 331.422,
39   subsection 1.
40     b.  Rural county services under section 331.422,
41   subsection 2.
42     c.  Other taxes under section 331.422, subsection
43   4.
44     2.  EXCEPTIONS.  The limitations provided in
45   subsection 1 do not apply to the levies made for the
46   following:

Iowa General Assembly

Index: House Journal (76th General Assembly: Session 1)

© 1995 Cornell College and League of Women Voters of Iowa

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