Instructions For Form Ed-50 - 2005-2006 (Page 2 of 3) in pdf

Lines 5a, 5b, and 5c. See the back of Form ED-50 for

rate limit on this line. Before taxes are extended on the

the worksheet to use in figuring lines 5a, 5b, and 5c.

roll for 2005–06, the assessor will calculate a permanent

rate limit for your district using actual values. You will

The worksheet uses the amount of budgeted principal

be notified of the actual new permanent rate limit. If

and interest expenditures for each bond issue to arrive

your estimated rate is higher than the actual perma-

at a ratio. This ratio is then used to allocate the total

nent rate limit, the assessor will use the actual rate. If

levy on line 5c between bonds issued before and after

your estimated rate is less than the actual permanent

October 6, 2001.

rate limit, the assessor will use the estimated rate.

Line 5a. Enter the amount levied that is used to repay

bond principal and interest on bonds approved by the

Part III: Schedule of local option

voters prior to October 6, 2001.

taxes

Line 5b. Enter the amount levied that is used to repay

Complete this schedule if you have one or more voter-

bond principal and interest on bonds approved by the

approved local option taxes. For each local option tax,

voters after October 6, 2001.

list the purpose of the tax (operating or capital

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

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

bond principal and interest not subject to the limita-

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

tions of Measure 50 (section 11, Article XI) or Measure

posed and the dollar amount or rate authorized to be

5 (section 11b, Article XI) in box 5c. Bond levies are al-

imposed each year.

ways a dollar amount. The amount of the levy includes

The information you provide in this schedule sup-

the amount estimated to be lost to discounts and un-

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

collectibles. This line is the total of lines 5a and 5b.

Part I.

The total debt service levy on line 5c is the same as

the resolution imposing tax.

Submission to assessor

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

If you are imposing a property tax, you must submit

sure 5 education limitation. Line 5c is categorized as

the following documents to the county assessor in

excluded from Measure 5 limitation.

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

or the date of extension granted by the assessor:

Part II: Rate limit certification

• Two copies of the resolution statements that adopt

Most districts had a permanent rate limit established

the budget, make appropriations, impose taxes, and

in 1997–98 for operating taxes. Other districts will

categorize the taxes.

have new permanent rates because of a merger or

• Two copies of a complete ED-50.

consolidation. Some taxing districts in Deschutes and

• Copies of any newly approved local option ballot

Linn Counties had their permanent rate authority re-

measures.

duced by the 1999 legislature. The reduced rates were

The assessor or the Department of Revenue may re-

effective beginning in 2000–01.

quest additional documents.

Part II of this form is designed to notify the assessor

Note: Submit a complete hardcopy budget to the De-

of your permanent rate limit.

partment of Education by July 15. Mail to:

Line 6. Enter the district’s permanent rate limit per

School Finance, Data & Analysis

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

Department of Education

four places to the right of the decimal point. If you do

Public Services Building

not know your permanent rate limit, contact your

255 Capitol Street NE

county assessor, or the Department of Revenue, Fi-

Salem OR 97310

nance and Taxation Team.

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

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

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

election in which the voters approved your rate limit.

You only need to complete this line for the first year

A complete budget document must also be submit-

your new permanent rate is certified. If you use line

ted to your ESD by July 15.

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

tification documents.

In addition, a copy of the complete budget document

is due to the county clerk by September 30 [ORS

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

310.060(7)].

solidation in 2004–05, show your estimated permanent

Instructions For Form Ed-50 - 2005-2006 Page 2

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