Form Lb-50 - Notice Of Property Tax And Certification Of Intent To Impose A Tax, Fee, Assessment, Or Charge On Property - 2005-2006 Page 3
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4Instructions for Form LB-50
Notice of Property Tax and Certification of Intent to
Impose a Tax, Fee, Assessment, or Charge on Property
Form LB-50 is used to certify and categorize the taxing
Line 2. If you are certifying a local option levy for opera-
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 2005–06.
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 2005–06.
• 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 2005–06 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 2005–06 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
expenditures for each bond issue to arrive at a ratio. This
than that approved by the budget committee check that box.
ratio is then used to allocate the total levy on line 6c be-
If the budget was republished, and the amount or rate is
tween bonds issued 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 2005–
50 (section 11, Article XI) or Measure 5 (section 11b, Article
06. 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 2005–06, 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 2005–06. 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. 1-05)
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