Text: HF02128 Text: HF02130 Text: HF02100 - HF02199 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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 bysaidthe assessor andsuch1 6 the tax levy shall not exceedforty and one-half cents per1 7thousand dollars of assessed value in assessing areas where1 8the valuation upon which the tax is levied does not exceed1 9ninety-two million, six hundred thousand dollars; thirty-three1 10and three-fourths cents per thousand dollars of assessed value1 11in assessing areas where the valuation upon which the tax is1 12levied exceeds ninety-two million, six hundred thousand1 13dollars and does not exceed one hundred eleven million, one1 14hundred twenty thousand dollars; twenty-seven cents per1 15thousand dollars of assessed value in assessing areas where1 16the valuation upon which the tax is levied exceeds one hundred1 17eleven million, one hundred twenty thousand dollarsthe 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
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