Instructions For Form Ed-50 (2003-2004) (Page 2 of 3) in pdf

of Form ED-50 for the worksheet to use in figuring

on the roll for 2003–04, the assessor will calculate a

lines 5a, 5b, and 5c.

permanent rate limit for your district using actual val-

ues. You will be notified of the actual new permanent

Line 5b. This is the amount levied that is used to re-

rate limit. If your estimated rate is higher than the

pay bond principal and interest on bonds approved

actual permanent rate limit, the assessor will use the

by the voters after October 6, 2001.

actual rate. If your estimated rate is less than the ac-

The worksheet uses the amount of principal and inter-

tual permanent rate limit, the assessor will use the

est for each bond issue to arrive at a ratio. This ratio is

estimated rate.

then used to allocate the total levy on line 5a between

bonds issued before and after October 6, 2001.

Part III: Schedule of local option

taxes

Line 5c. Enter the total dollar amount levied to pay

for bond principal and interest not subject to the limi-

Complete this schedule if you have one or more voter-

tations of Measure 50 (section 11, Article XI) or Mea-

approved local option taxes. For each local option tax,

sure 5 (section 11b, Article XI) in box 5c. Bond levies

list the purpose of the tax (operating or capital

are always a dollar amount. The amount of the levy

project), the date voters approved it, the first year the

includes the amount estimated to be lost to discounts

tax can be imposed, the final year the tax will be im-

and uncollectibles. This line is the total of lines 5a and

posed and the dollar amount or rate authorized to be

5b. See the back of Form ED-50 for the worksheet to

imposed each year.

use in figuring lines 5a, 5b, and 5c.

The information you provide in this schedule sup-

The total debt service levy is the same as the resolu-

ports the local option tax amounts on lines 2 and 3 in

tion imposing tax.

Part I.

Lines 1–4 are categorized as being subject to the Mea-

sure 5 education limitation. Line 5 is categorized as

Submission to assessor

not subject to Measure 5 limitation.

If you are imposing a property tax, you must submit

the following documents to the county assessor in

Part II: Rate limit certification

each county in which this tax is imposed by July 15,

Most districts had a permanent rate limit established

or the date of extension granted by the assessor:

in 1997–98 for operating taxes. Other districts will

• Two copies of the resolution statements that adopt

have new permanent rates because of a merger or

the budget, make appropriations, impose taxes, and

consolidation. Some taxing districts in Deschutes and

categorize the taxes.

Linn Counties had their permanent rate authority re-

• Two copies of a complete ED-50.

duced by the 1999 legislature. The reduced rates were

• Copies of any newly approved local option ballot

effective beginning in 2000–01.

measures.

Part II of this form is designed to notify the assessor

The assessor may request additional documents.

of your limit.

Note: Submit a complete hardcopy budget to the De-

Line 6. Enter in box 6 the district’s permanent rate

partment of Education by July 15. Mail to:

limit per $1,000 of assessed value. The rate should be

carried four places to the right of the decimal point.

School Finance, Data & Analysis

If you do not know your permanent rate limit, con-

Department of Education

tact your county assessor, or the Department of Rev-

Public Services Building

enue, Finance and Taxation Team.

255 Capitol Street NE

Salem OR 97310

Line 7. If you are a new district enter the date of the

election in which the voters approved your rate limit.

An electronic version of the budget is due to the De-

You only need to complete this line for the first year

partment of Education by August 15 [ORS 326.310(4)].

your new permanent rate is certified. If you use line

A complete budget document must also be submit-

7, include a copy of the ballot measure with your cer-

ted to your ESD by July 15.

tification documents.

Line 8. If your district went through a merger or con-

In addition, a copy of the complete budget document

solidation in 2002–03, show your estimated perma-

is due to the county clerk by September 30 [ORS

nent rate limit on this line. Before taxes are extended

310.060(7)].

Instructions For Form Ed-50 (2003-2004) Page 2

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