59-2-1304 - Rate of previous year governs -- Proration among taxing units -- Effective date of boundary changes for assessment.
59-2-1304. Rate of previous year governs -- Proration among taxing units --Effective date of boundary changes for assessment.
(1) (a) The amount of taxes to be collected in the current year on personal propertyassessed by the county assessor shall be based on the tax rates levied by all taxing entities for theprevious year, and the tax so billed shall be the full tax on the property for the current year.
(b) The money collected in accordance with Subsection (1)(a) shall be paid:
(i) into the county treasury; and
(ii) by the treasurer to the various taxing entities pro rata in accordance with the tax rateslevied and approved for the current year, including new entities levying for the first time.
(2) An assessment shall be collected in accordance with the effective date and boundaryadjustment provisions in Subsection 17-2-209(4).
Amended by Chapter 381, 2010 General Session