04-14-2011 Charter Packet - Laserfiche WebLink

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levy limit base calculations) is to be increased by the ratio of the net tax capacity of the city after the annexation compared to its net tax capacity prior to the annexation. • If a city, as the result of an annexation agreement has different tax rates in various parts of the city due to different service levels, the city may petition the Department of Revenue for an adjustment to its levy limit. The Department of Revenue is to adjust the levy limit to reflect scheduled increases in tax rates related to increasing service levels in areas currently receiving less city services. • If a function or service is transferred from one local governmental unit to another, the levy limits of the two local governmental units are to be adjusted by the Department of Revenue in such manner as to fairly and equitably reflect the reduced or increased property tax burden resulting from the transfer. The aggregate of the adjusted levy limitations must not exceed the aggregate of the levy limitations prior to the adjustment. What this means is that the two adjustments are equal and opposite, and that the two local governmental units must agree on the amount of the adjustment before any adjustment will be made. If your county or levy limit city believes that it qualifies for any of these special levy limit adjustments, please contact the Department of Revenue to find out what information must be provided by your county or city to the Department of Revenue in order for the Department to make the appropriate an adjustment. Elections for Additional Levies Notwithstanding the overall levy limits, but subject to other law or charter provisions establishing other levy limitations, a county or a levy limit city may choose to go to the voters at a general or a special election for approval to levy an additional levy. In order to be effective for levy year 2010, taxes payable 2011, a referendum held under this provision in 20010 would have to be held at a general or special election held on or before November 2, 2010, (the first Tuesday after the first Monday in November). A referendum held after this date in 2010 could not be levied until levy year 2011, taxes payable 2012. Notice of the election must be given in the manner required by law. The notice of the election must state the purpose and the maximum yearly amount of the additional levy. Generally, these additional levies shall be levied on net tax capacity rather than on referendum market value. If your county or levy -limit city has a new net tax capacity -based referendum levy, it is to be added to your county's or city's levy limit base since it is an authorized additional levy rather than a special levy authorized outside of your county's or city's overall levy limitation. If your county or city intends to seek an additional levy at a referendum, the Department of Revenue should be notified by September 30, 2010, and any additional levies approved by the voters in 2010 at a referendum held on or before November 3, 2010, must be reported to the Department of Revenue on or before November 30, 2010. 4