ORS 401.847¹
Levy of taxes

(1) Each year the district board shall determine and fix the amount of money to be levied and raised by taxation, for the purposes of the district. The total amount of taxes levied in each year under this section shall not exceed one-tenth of one percent (0.001) of the real market value of all taxable property within the district computed in accordance with ORS 308.207 (Computation of real market value for taxing or bonding limitations).

(2) Each year a district shall also assess, levy and collect a special tax upon all such property, real and personal, in an amount sufficient to pay the yearly interest and principal due on any outstanding general obligation bonds for such year. [1987 c.671 §9; 1991 c.459 §396; 1995 c.333 §33]

Note: See note under 401.818 (Definitions for ORS 401.818 to 401.857).

Note: Sections 12 to 14, chapter 671, Oregon Laws 1987, provide:

Sec. 12. Section 9 of this Act [ORS 401.847 (Levy of taxes)] is repealed and section 13 of this Act is enacted in lieu thereof. [1987 c.671 §12]

Sec. 13. (1) Each year the district board shall determine and fix the amount of money to be levied and raised by taxation, for the purposes of the district.

(2) Each year a district shall also assess, levy and collect a special tax upon all taxable property within the district in an amount sufficient to pay the yearly interest and principal due on any outstanding general obligation bonds for such year. [1987 c.671 §13; 1995 c.333 §34]

Sec. 14. Sections 12 and 13 of this Act first become operative on the first day of the first tax year to which section 10, chapter 533, Oregon Laws 1981 [401.792 (Imposition of tax)], does not apply. [1987 c.671 §14]

Chapter 401

Law Review Cita­tions

54 OLR 677 (1975)

1 Legislative Counsel Committee, CHAPTER 401—Emergency Services and Communications, https://­www.­oregonlegislature.­gov/­bills_laws/­Archive/­2007ors401.­pdf (2007) (last ac­cessed Feb. 12, 2009).
 
2 Legislative Counsel Committee, Annotations to the Oregon Revised Stat­utes, Cumulative Supplement - 2007, Chapter 401, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­401ano.­htm (2007) (last ac­cessed Feb. 12, 2009).
 
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent. Currency Information