Form 24766 - Maximum Levy Worksheet - For Tax Years Beginning

Instructions For Maximum Levy Worksheet

For Tax Years Beginning With 2005

This worksheet can be used to calculate the maximum dollars that can be levied for a given fund in a given taxing district.

One worksheet should be completed for the general fund of each taxing district and for each special fund of each taxing

district.

Following are instructions for speciﬁ c line numbers:

Enter the dollar amount of taxes actually levied for this fund shown as the Final Levy on the Maximum Levy

Worksheet for each of the years shown.

The "base year" is the tax year with the highest amount levied in dollars in property taxes, of the three tax years

immediately preceding.

Enter the dollar amount of any temporary increased or excess levy that was in effect for the base year but is not in

effect for the current year. Start with the dollar amount of the increased or excess levy as approved by the voters

and apply any percentage increases that were added as authorized by the legislature.

The total taxable value of and taxable and exempt* property for the base year, including locally assessed real

property and state assessed railroad and utility property. Use the same base year as line 2.

The calculated mill rate for the base year is the dollars of taxes levied divided by the sum of the taxable value of

the property subject to tax plus the taxable value of exempt* property.

Enter the taxable value of taxable and exempt* property that was existing in the base year but is no longer

existing in the taxing district in the current year. Examples of reasons why the property no longer exists in the

taxing district include the following: destruction of property, demolition, removal of structures or improvements,

loss by annexation to another district. Do not include any change in value caused by reassessment, change in

classiﬁ cation, change in value made by any board of equalization, or loss in value caused by taxable property

becoming exempt.*

Enter the taxable value of taxable and exempt* property that has been added to the taxing district since the base

year. Examples of property added include: new construction and property added by annexation. Do not include

any change in value caused by reassessment, change in classiﬁ cation, change in value made by any board of

equalization, or increase in value caused by exempt* property becoming taxable.

13. Enter any increased, additional, or excess mill levy authorized by the legislature or the voters that is effective for

the ﬁ rst time in current year.

16. Enter the maximum mill levy otherwise authorized by law for the current year, including any increased or excess

mill levies approved by the voters.

19. The amount in dollars certiﬁ ed by the taxing district to be levied in the current year for this fund.

*Exempt property means: property exempted from taxation as new or expanding businesses under North Dakota

Century Code ch. 40-57.1; improvements to property under N.D.C.C. ch. 57-02.2; or buildings belonging to

institutions of public charity (subsection 8), new single-family residential (subsection 35) or townhouse or

condominium property (subsection 36), property used for early childhood services (subsection 37), or pollution

abatement improvements (subsection 38) under N.D.C.C. § 57-02-08.

Form 24766 - Maximum Levy Worksheet - For Tax Years Beginning - 2005 Page 2