Text: HF02128                           Text: HF02130
Text: HF02100 - HF02199                 Text: HF Index
Bills and Amendments: General Index     Bill History: General Index



House File 2129

Partial Bill History

Bill Text

PAG LIN
  1  1    Section 1.  Section 441.16, unnumbered paragraph 7, Code
  1  2 1999, is amended to read as follows:
  1  3    Any tax for the maintenance of the office of assessor and
  1  4 other assessment procedure shall be levied only upon the
  1  5 property in the area assessed by said the assessor and such
  1  6 the tax levy shall not exceed forty and one-half cents per
  1  7 thousand dollars of assessed value in assessing areas where
  1  8 the valuation upon which the tax is levied does not exceed
  1  9 ninety-two million, six hundred thousand dollars; thirty-three
  1 10 and three-fourths cents per thousand dollars of assessed value
  1 11 in assessing areas where the valuation upon which the tax is
  1 12 levied exceeds ninety-two million, six hundred thousand
  1 13 dollars and does not exceed one hundred eleven million, one
  1 14 hundred twenty thousand dollars; twenty-seven cents per
  1 15 thousand dollars of assessed value in assessing areas where
  1 16 the valuation upon which the tax is levied exceeds one hundred
  1 17 eleven million, one hundred twenty thousand dollars the rate
  1 18 necessary to collect the sum of fifty thousand dollars plus
  1 19 the amount that can be raised by a levy of twenty-seven cents
  1 20 per thousand dollars of assessed value of such property.  The
  1 21 county treasurer shall credit the sums received from such levy
  1 22 to a separate fund to be known as the "assessment expense
  1 23 fund" and from which fund all expenses incurred under this
  1 24 chapter shall be paid.  In the case of a county where there is
  1 25 more than one assessor the treasurer shall maintain separate
  1 26 assessment expense funds for each assessor.
  1 27    Sec. 2.  APPLICABILITY.  This Act applies to the fiscal
  1 28 year beginning July 1, 2000, and to all subsequent fiscal
  1 29 years.  
  1 30                           EXPLANATION 
  1 31    City and county assessors are allowed by law to certify a
  1 32 property tax levy to pay the operational expenses of the
  1 33 assessor's office.  The assessment expense fund has a limit on
  1 34 the rate of tax according to the amount of assessed value in
  1 35 the city or county.  This bill eliminates that method of
  2  1 limiting the fund and provides that the assessor may raise an
  2  2 amount equal to $50,000 plus the amount raised by a levy of 27
  2  3 cents per $1,000 of assessed value of the property.
  2  4    The bill applies to the fiscal year beginning July 1, 2000,
  2  5 and all subsequent fiscal years.  
  2  6 LSB 6226HH 78
  2  7 sc/as/5
     

Text: HF02128                           Text: HF02130
Text: HF02100 - HF02199                 Text: HF Index
Bills and Amendments: General Index     Bill History: General Index

Return To Home index


© 2000 Cornell College and League of Women Voters of Iowa


Comments about this site or page? webmaster@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.

Last update: Thu Feb 17 03:35:18 CST 2000
URL: /DOCS/GA/78GA/Legislation/HF/02100/HF02129/000202.html
jhf