§ 13624 Special District Bond Taxation

• •Only property inside a special district can be taxed to pay for the district's bonds.
• •These taxes must be collected every year until the bonds are fully paid off.
• •The way taxes are collected must follow the rules in Section 12893.

A neighborhood forms a special district to build a new park. They issue bonds to pay for it.

Only the houses and land in that neighborhood will be taxed to pay back the money borrowed for the park. The taxes will be collected every year until the debt is gone, and they have to follow specific rules when collecting these taxes.