10-310. Computation of valuation for bonded indebtedness limitation purposes.
10-310
10-310. Computation of valuation for bonded indebtedness limitation
purposes.
The county clerk shall add (1) the taxable value of each motor vehicle, as
shown on the application for registration for the previous year or as
otherwise established in the manner prescribed by K.S.A. 79-5105, and
amendments thereto, and (2) the taxable value of motor vehicles established
in the manner prescribed by K.S.A. 79-1022, and amendments thereto, to the
equalized assessed tangible valuation on the tax roll of each taxing
subdivision in which such motor vehicle has acquired tax situs. The
resulting total shall constitute the equalized assessed tangible valuation
of the taxing subdivision for the computation of limitations upon bonded
indebtedness and for all other purposes except the levying of taxes and the
computation of limitations thereon.
History: L. 1983, ch. 338, § 1;
L. 1985, ch. 61, § 2; July 1.