ORS 523.410
Ad valorem taxation

  • special tax
  • collection
  • enforcement
  • boundary changes

(1)

A district may assess, levy and collect taxes in an amount each year not to exceed one-fourth of one percent (0.0025) of the real market value of all taxable property within the limits of the district, computed in accordance with ORS 308.207 (Computation of real market value for taxing or bonding limitations). The proceeds of the tax shall be applied by it in carrying out the objects and purposes of ORS 523.030 (Formation of geothermal heating districts) to 523.050 (Water and real property transactions) and 523.420 (Disposal of taxes levied by invalid district) to 523.490 (Issuance of bonds) and for the purpose of financing the employees’ retirement system.

(2)

A district may annually also assess, levy and collect a special tax upon all such property in an amount sufficient to pay the yearly interest on bonds theretofore issued by the district and then outstanding, together with any portion of the principal of such bonds maturing within the year. The special tax shall be applied only in payment of interest and principal of bonds issued by the district, but the district may apply any funds it may have toward payment of principal and interest of any such bonds.

(3)

Taxes shall be levied in each year and returned to the county officer whose duty it is to extend the tax roll by the time required by law for city taxes to be levied and returned.

(4)

Taxes levied by the district shall become payable at the same time and be collected by the same officer who collects county taxes, and the proceeds shall be turned over to the district according to law. The county officer whose duty it is to extend the county levy shall extend the levy of the district in the same manner as city taxes are extended.

(5)

Property is subject to sale for nonpayment of taxes levied by the district in like manner and with like effect as in the case of county and state taxes.

(6)

For purposes of ad valorem taxation, a boundary change must be filed in final approved form with the county assessor and the Department of Revenue as provided in ORS 308.225 (Boundary changes). [1975 c.782 §10; 1991 c.459 §421; 2001 c.215 §16; subsection (6) of 2001 Edition enacted as 2001 c.138 §40]

Source: Section 523.410 — Ad valorem taxation; special tax; collection; enforcement; boundary changes, https://www.­oregonlegislature.­gov/bills_laws/ors/ors523.­html.

523.010
Definitions
523.015
Definitions for ORS 523.020
523.020
City as geothermal heating district
523.030
Formation of geothermal heating districts
523.040
Powers of district
523.050
Water and real property transactions
523.060
Cooperative agreements
523.070
Authority to perform drainage work
523.110
Regulations on use of geothermal heat
523.120
Deposit or other security for use of heat
523.130
Rates
523.140
Rate increase procedure
523.150
Termination of service for nonpayment of heating charge
523.160
Refund of heating service extension costs by owner of adjacent property
523.210
Special assessment for improvements
523.220
Action on special assessment report by board
523.230
Approval of special assessment report
523.240
Means of constructing improvement
523.250
Order to carry out or abandon improvement after public hearing
523.260
Method of assessment
523.270
Appeal of assessment
523.280
Notice of assessment to property owners
523.290
Entry of amount of assessment
523.310
Errors in assessment
523.320
Deficit assessment
523.330
Excess assessment
523.340
Abandonment of improvement
523.350
Restriction on rendering assessment invalid
523.360
Reassessment
523.380
Foreclosure of assessment lien
523.410
Ad valorem taxation
523.420
Disposal of taxes levied by invalid district
523.460
General obligation bonds
523.470
Revenue bonds
523.480
Refunding bonds
523.490
Issuance of bonds
523.510
Assumption of debts and obligations of district upon dissolution
523.610
Board
523.625
Election laws applicable
523.630
Meetings
523.640
Special election
523.660
District funds
523.670
Agreements between district and annexed or joined city
523.680
Employees’ retirement system
523.690
Payments to retirement plan fund
523.700
Employee contributions to retirement plan
523.710
Limit on eligible individuals in retirement plan
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