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Maximum Levy Worksheet - School District General Fund - State Tax Commissioner - 2014

MAXIMUM LEVY WORKSHEET - For Tax Year 2014

SCHOOL DISTRICT GENERAL FUND

OFFICE OF STATE TAX COMMISSIONER

Complete all calculations that apply.

School District:

Tax Year:

Calculation 1 (N.D.C.C. § 57-15-14.2 School district levies)

1. Taxes levied last year

2. Current year taxable value

3. Levy at 70 mills (No. 2 times 0.070)

4. 12 percent increase (No. 1 times 1.12)

5. Levy with 12% increase, maximum 70 mills

(No. 3 or No. 4, whichever is less)

Calculation 2 (N.D.C.C..Sec. 57-15-01.1 Protection of Taxpayers and Taxing Districts)

6. Taxes levied last year

7. Taxes levied two years ago

8. Taxes levied three years ago

9 . Base year (Largest of 6, 7, or 8)

10. Expired temporary levies (See Instructions)

11. Base year taxes (No. 9 minus No. 10)

12. Base year taxable value of taxable &

exempt* property

13. Calculated mill rate for taxes levied in

14. Taxable value of taxable & exempt* property

15. Adjustment for property no longer in the

removed since the base year.

taxing district (No. 13 times No. 14)

the base year (No.11 ÷ No. 12)

16. Taxable value of taxable & exempt* property

17. Adjustment for property added to the taxing

added since the base year.

district (No. 13 times No. 16)

18. New or increased mills authorized by the legislature or electors (xxx.xx)

19. New mills increase (No. 2 times No. 18)

20. Base year mill rate

21. Base year mill rate minus 60 mills, ONLY IF

2013 IS NOT THE BASE YEAR

22. Amount of state aid under ch. 15.1‐27. (Multiply the budget year taxable value of the school

district by the lesser of (1) the base year mill rate of the school district minus 60 mills; or (2) 50 mills,

ONLY IF 2013 IS NOT THE BASE YEAR)

23. Adjusted base year taxes (No. 11 minus No. 15 plus No. 17 plus No. 19 minus No. 22)

Maximum Levy Worksheet - School District General Fund - State Tax Commissioner - 2014