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Instructions for Form LB-50

Notice of Property Tax and Certification of Intent to

Impose a Tax, Fee, Assessment, or Charge on Property

Line 2. If you are certifying a local option levy for opera-

Form LB-50 is used to certify and categorize the taxing

district’s property tax and other charges to the county asses-

tions [ORS 310-060(2)(b)], you may enter a dollar amount

sor. Notice of tax is due to the county assessor by July 15,

or rate in box 2. If you certify a rate, enter the rate per $1,000

unless a written extension of time to certify has been granted.

of assessed value. The rate entered may be up to the maxi-

mum rate approved by the voters. The rate can not exceed

If you are doing a biennial budget, you must certify taxes

the rate the budget committee approved as the local option

each year you wish to levy. You must do a separate certifi-

rate for budget year 2004–05.

cation each year of the two-year budget period.

You may enter a dollar amount to be levied if the voters ap-

proved a fixed-dollar levy. The amount cannot exceed the

General instructions

amount approved by the voters, and the budget committee.

In the spaces at the top of this form, fill in:

Line 3. If you are certifying a local option levy for capital

projects [ORS 310.060(2)(c)], you may enter a dollar amount

• The name of the county being sent the certification.

or rate in box 3. If you certify a rate, enter the rate per $1,000

• The name of the taxing district and the name of the

of assessed value. The rate entered may be up to the maxi-

county where the district is located,

mum rate approved by the voters. The rate can not exceed

• The mailing address of the district, including city and ZIP

the rate the budget committee approved as a capital project

code, and

local option rate for budget year 2004–05.

• The name, title, and daytime telephone number of a bud-

You may enter a dollar amount to be levied if the voters ap-

get contact person. This person should be someone who

proved a fixed-dollar levy. The amount can not exceed the

is available for contact after the document is submitted

amount approved by the voters, and the budget committee.

to the assessor.

Line 4. Enter the amount being levied for 2004–05 to pay

Note: Oregon law (ORS 310.060) allows taxing districts (for

for “Gap Bonds” in box 4. Gap bonds are certain bonds or

good and sufficient reasons) to request in writing an exten-

debt obligations that were declared as such in 1997–98. If

sion of time to certify taxes. The written request for exten-

your district did not declare gap bonds in 1997–98, the dis-

sion must be given to the county assessor by July 15.

trict cannot claim them this year.

Line 5. Enter the amount being levied for 2004–05 to pay

Certification

for qualifying pension and disability obligations in box 5.

Check boxes. ORS 294.435 does not allow a district to certify

The City of Portland is the only entity that may use this line.

ad valorem property taxes at an amount or rate greater than

Lines 6a, 6b, and 6c. See the back of Form LB-50 for the

that approved by the budget committee, unless an amended

worksheet to use in figuring lines 6a, 6b, and 6c.

budget summary is republished by the governing body and

a second budget hearing is held. One of these boxes must be

The worksheet uses the amount of principal and interest

checked. If the amount or rate being certified is not greater

for each bond issue to arrive at the ratio. This ratio is then

than that approved by the budget committee check that box.

used to allocate the total levy on line 6c between bonds is-

If the budget was republished, and the amount or rate is

sued before and after October 6, 2001.

within the amount republished check that box.

Line 6a. Enter the amount levied that is used to repay prin-

cipal and interest on bonds approved by the voters prior

The assessor’s office will not accept your tax certification

to October 6, 2001.

documents if one of these boxes is not checked.

Line 6b. Enter the amount levied that is used to repay prin-

Part I: Total property tax levy

cipal and interest on bonds approved by the voters after

October 6, 2001.

Line 1. You may enter an amount or rate in box 1. If you

Line 6c. Enter the total dollar amount levied to pay for prin-

certify a rate, enter the rate per $1,000 of assessed value to

cipal and interest not subject to the limitations of Measure

be used by the assessor in extending your taxes in 2004–

50 (section 11, Article XI) or Measure 5 (section 11b, Article

05. The rate entered may be up to your maximum rate limit.

XI) in box 6c. Bond levies are always a dollar amount. This

If you are certifying a rate, it can not exceed the rate the

line is the total of lines 6a and 6b.

budget committee approved for budget year 2004–05, un-

less the budget was republished.

The total debt service levy is the same as the resolution

imposing tax.

Or you may enter the dollar amount to be raised by ad va-

Lines 1–5 are categorized as being subject to the Measure

lorem property taxes for 2004–05. This amount can not ex-

5 general government limitation. Lines 6a, 6b, and 6c are

ceed the amount your permanent rate will actually raise.

categorized as excluded from Measure 5 limitation.

150-504-050 (Rev. 1-04)

Form Lb-50 - Notice Of Property Tax And Certification Of Intent To Impose A Tax, Fee, Assessment, Or Charge On Property - 2004-2005 Page 3

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