17B-1-627 - Property tax levy -- Time for setting -- Computation of total levy -- Apportionment of proceeds -- Maximum levy. - Utah Statutes

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Statutes > Utah > Title-17b > Chapter-01 > 17b-1-627

17B-1-627. Property tax levy -- Time for setting -- Computation of total levy --Apportionment of proceeds -- Maximum levy.
(1) The board of trustees of each local district authorized to levy a property tax, at a regularmeeting or special meeting called for that purpose, shall, by resolution, set the real and personalproperty tax rate for various district purposes by the date set under Section 59-2-912, but the rate maybe set at an appropriate later date in accordance with Sections 59-2-919 through 59-2-923.
(2) In its computation of the total levy, the board of trustees shall determine the requirements ofeach fund for which property taxes are to be levied and shall specify in its resolution adopting the taxrate the amount apportioned to each fund.
(3) The proceeds of the levy apportioned for general fund purposes shall be credited asrevenue in the general fund.
(4) The proceeds of the levy apportioned for special fund purposes shall be credited to theappropriate accounts in the applicable special funds.
(5) The combined levies for each district for all purposes in any year, excluding the retirementof general obligation bonds and the payment of any interest on the bonds, and any taxes expresslyauthorized by law to be levied in addition, may not exceed the limit enumerated by the laws governingeach district.

Amended by Chapter 204, 2009 General Session

State Codes and Statutes

Statutes > Utah > Title-17b > Chapter-01 > 17b-1-627

17B-1-627. Property tax levy -- Time for setting -- Computation of total levy --Apportionment of proceeds -- Maximum levy.
(1) The board of trustees of each local district authorized to levy a property tax, at a regularmeeting or special meeting called for that purpose, shall, by resolution, set the real and personalproperty tax rate for various district purposes by the date set under Section 59-2-912, but the rate maybe set at an appropriate later date in accordance with Sections 59-2-919 through 59-2-923.
(2) In its computation of the total levy, the board of trustees shall determine the requirements ofeach fund for which property taxes are to be levied and shall specify in its resolution adopting the taxrate the amount apportioned to each fund.
(3) The proceeds of the levy apportioned for general fund purposes shall be credited asrevenue in the general fund.
(4) The proceeds of the levy apportioned for special fund purposes shall be credited to theappropriate accounts in the applicable special funds.
(5) The combined levies for each district for all purposes in any year, excluding the retirementof general obligation bonds and the payment of any interest on the bonds, and any taxes expresslyauthorized by law to be levied in addition, may not exceed the limit enumerated by the laws governingeach district.

Amended by Chapter 204, 2009 General Session

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State Codes and Statutes

Statutes > Utah > Title-17b > Chapter-01 > 17b-1-627

17B-1-627. Property tax levy -- Time for setting -- Computation of total levy --Apportionment of proceeds -- Maximum levy.
(1) The board of trustees of each local district authorized to levy a property tax, at a regularmeeting or special meeting called for that purpose, shall, by resolution, set the real and personalproperty tax rate for various district purposes by the date set under Section 59-2-912, but the rate maybe set at an appropriate later date in accordance with Sections 59-2-919 through 59-2-923.
(2) In its computation of the total levy, the board of trustees shall determine the requirements ofeach fund for which property taxes are to be levied and shall specify in its resolution adopting the taxrate the amount apportioned to each fund.
(3) The proceeds of the levy apportioned for general fund purposes shall be credited asrevenue in the general fund.
(4) The proceeds of the levy apportioned for special fund purposes shall be credited to theappropriate accounts in the applicable special funds.
(5) The combined levies for each district for all purposes in any year, excluding the retirementof general obligation bonds and the payment of any interest on the bonds, and any taxes expresslyauthorized by law to be levied in addition, may not exceed the limit enumerated by the laws governingeach district.

Amended by Chapter 204, 2009 General Session