42-17056. Initial base levy limit if no
primary property taxes were levied in the preceding tax
year
A. If a county, city, town or community college district did not levy primary
property taxes in the preceding tax year, the governing body shall submit a proposed
amount to be raised by primary property taxes for approval of the voters.
B. The election shall be held on the third Tuesday in May before the beginning of
the fiscal year in as nearly as practicable the same manner as prescribed by title 35,
chapter 3, article 3. The ballot shall state that if the amount is approved by the
voters, it will be the base for determining levy limitations for the county, city, town
or district for subsequent fiscal years.
C. If a majority of the qualified electors voting approves the proposed levy amount
for primary property taxes, the levy applicable for the county, city, town or district
for the next fiscal year shall be an amount not exceeding the approved amount.
D. On acceptance by the voters, the governing body shall send a copy of the
approved resolution to the property tax oversight commission.
E. If the proposed levy amount is not approved, the county, city, town or community
college district shall not levy a primary property tax for that year.
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