Levying authority definition
Levying authority means a county, a municipality, or a consolidated city‐county governing authority or other governing authority of a political subdivision of this state that exercises the power to levy ad valorem taxes to carry out the governing authority's purposes.
Levying authority means a county, a municipality, or a consolidated city-county
Levying authority means a county, a municipality, or a consolidated city-county 1243 governing authority or other governing authority of a political subdivision of this state 1244 that exercises the power to levy ad valorem taxes to carry out the governing authority's 1245 purposes. 1246 (4) 'Mill' means one one-thousandth of a United States dollar. 1247 (5) 'Millage' or 'millage rate' means the levy, in mills, which is established by the 1248 governing authority for purposes of financing, in whole or in part, the taxing jurisdiction's 1249 expenses for their its fiscal year. 1250 (6) 'Millage equivalent' means the number of mills which would result when the total net 1251 assessed value added by reassessments is divided by the certified tax digest and the result 1252 is multiplied by the previous year's millage rate. 1253 (7) 'Net assessed value' means the taxable assessed value of property after all 1254 exemptions. 1255 (8) 'Recommending authority' means a county, independent, or area school board of 1256 education that exercises the power to cause the levying authority to levy ad valorem taxes 1257 to carry out the purposes of such board of education. 1258 (9) 'Roll-back rate' means the previous year's millage rate minus the millage equivalent 1259 of the total net assessed value added by reassessments: 1260 (A) As calculated and certified to the commissioner by the tax commissioner for 1261 county and educational tax purposes; and 1262 (B) As calculated by the collecting officer of the municipality for municipal tax 1263 purposes. 1264 (10) 'Taxing jurisdiction' means all the real property subject to the levy of a specific 1265 levying authority or the recommended levy of a specific recommending authority. 1266 (11) 'Total net assessed value added by reassessments' means the total net assessed value 1267 added to the certified tax digest as a result of revaluation of existing real property that has 1268 not been improved since the previous tax digest year. 1269 (b) At the time of certification of the digest, the tax receiver or tax commissioner shall also 1270 certify to the recommending authority and levying authority of each taxing jurisdiction the 1271 total net assessed value added by reassessments contained in the certified tax digest for that 1272 tax digest year of the taxing jurisdiction. 1273 (c)(1) Whenever a recommending authority or levying authority shall propose to adopt 1274 a millage rate which does not exceed the roll-back rate, it shall adopt that mil...
More Definitions of Levying authority
Levying authority means a county, a municipality, or a consolidated city-county governing authority or other governing authority of a political subdivision of this state that exercises the power to levy property taxes to carry out the governing authority’s purposes.
Levying authority means any political subdivision having legal authority to levy ad valorem taxes for its operation or for the operation of another political subdivision.
Levying authority. , in relation to a dwelling, means the levying authority in whose area the dwelling is situated;