§ 6942 Port District Tax Limits

This law says a district can only charge a tax of up to ten cents for every hundred dollars of a property's assessed value, and the tax is handled just like county taxes.

Key Takeaways

•The tax can never be higher than ten cents per $100 of value.
•The calculation is the same way county taxes are figured.
•All tax money goes first to the county treasury, then to the district’s treasurer, and it does not include any amount needed for bond interest.

Example

A family owns a house in the district that the assessor says is worth $250,000.

The district can charge them at most $0.10 for each $100 of that value, so they would owe $250 in tax. The money is collected like other county taxes and sent to the county treasury before going to the district’s treasurer.

How to Calculate

Tax = (Assessed Value ÷ 100) × $0.10

Take the assessed value of the property.
Divide that number by 100 to find how many $100 units there are.
Multiply the result by $0.10 (ten cents).
The product is the maximum tax the district can charge.

Assessed value = $250,000

Result: Tax = (250,000 ÷ 100) × $0.10 = 2,500 × $0.10 = $250

The tax shall not exceed the rate of ten cents on each one hundred dollars of the assessed value of all taxable property within the district, exclusive of the amount necessary to be raised by taxes to meet bond interest and redemption. The tax shall be computed, entered upon the tax rolls and collected in the same manner as county taxes are computed, entered and collected. All money so collected shall be paid into the county treasury to the credit of the particular district fund and shall be paid to the treasurer of the district upon the order of the board of port commissioners. (Enacted by Stats. 1937, Ch. 368.)

This law says a district can only charge a tax of up to ten cents for every hundred dollars of a property's assessed value, and the tax is handled just like county taxes.

Key Takeaways

•The tax can never be higher than ten cents per $100 of value.
•The calculation is the same way county taxes are figured.
•All tax money goes first to the county treasury, then to the district’s treasurer, and it does not include any amount needed for bond interest.

Example

A family owns a house in the district that the assessor says is worth $250,000.

How to Calculate

Tax = (Assessed Value ÷ 100) × $0.10

Take the assessed value of the property.
Divide that number by 100 to find how many $100 units there are.
Multiply the result by $0.10 (ten cents).
The product is the maximum tax the district can charge.

Assessed value = $250,000

Result: Tax = (250,000 ÷ 100) × $0.10 = 2,500 × $0.10 = $250

Key Takeaways

Example

How to Calculate

Key Terms

References

§ 6942 Port District Tax Limits

Key Takeaways

Example

How to Calculate

Key Terms

References

Key Takeaways

Example

How to Calculate

Key Terms

Related Statutes

References

Key Takeaways

Example

How to Calculate

Key Terms

Related Statutes

References