House Journal: Page 2153: Tuesday, June 3, 2003
7 estimate or determine, a rate of taxation required for
8 any public purpose, such rate shall in all cases be
9 estimated and based upon the amount of land tax
10 available to the district and the adjusted taxable
11 square footage valuation of such taxing district for
12 the preceding calendar year.
13 Sec. 38. Section 444.2, Code 2003, is amended to
14 read as follows:
15 444.2 AMOUNTS CERTIFIED IN DOLLARS.
16 When an authorized square footage tax rate within a
17 taxing district, including townships, school
18 districts, cities and counties, has been thus
19 determined as provided by law, the officer or officers
20 charged with the duty of certifying the authorized
21 rate to the county auditor or board of supervisors
22 shall, before certifying the rate, compute upon the
23 adjusted taxable square footage valuation of the
24 taxing district for the preceding fiscal year, the
25 amount of tax the rate will raise, stated in dollars,
26 and shall certify the computed amount in dollars and
27 not by rate, to the county auditor and board of
28 supervisors and shall further certify the percentage
29 of such amount to be levied against each class of
30 property.
31 Sec. 39. Section 444.3, Code 2003, is amended to
32 read as follows:
33 444.3 COMPUTATION OF SQUARE FOOTAGE RATE.
34 When the square footage valuations for the several
35 taxing districts shall have been adjusted by the
36 several boards for the current year, and the amount of
37 land tax to be distributed to each taxing district has
38 been deducted from the dollar amounts certified in
39 section 444.2 for each taxing district, the county
40 auditor shall thereupon apply such a rate, not
41 exceeding the rate authorized by law, or rates as will
42 raise the amount required for such taxing district,
43 and when combined with the land tax amount will raise
44 an amount not exceeding the dollar amount authorized
45 by law for the taxing district, and no will not raise
46 a larger amount. For purposes of computing the square
47 footage rate under this section, the adjusted taxable
48 square footage valuation of the property of a taxing
49 district does not include the valuation of property of
50 a railway corporation or its trustee which corporation
Page 21
1 has been declared bankrupt or is in bankruptcy
2 proceedings. Nothing in the preceding sentence
3 exempts the property of such railway corporation or
4 its trustee from taxation and the rate computed under
5 this section shall be levied on the taxable property
© 2003 Cornell College and
League of Women Voters of Iowa
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