§ 454.60. Ad valorem property tax.  


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  • The city may, in each calendar year, levy a tax on taxable property in the district based upon the assessed value of the property and such tax shall be assessed and collected in the same manner as other property taxes on property located within the district. The tax shall be levied at a rate that will raise an aggregate sum, which, when combined with any service charges levied in the district, will equal the total costs of the city in providing the services specified in this ordinance for the next ensuing calendar year; provided however, that taxes may be levied in the year 2000 for services rendered and to be rendered in the calendar years 2000 and 2001. Prior to the levy of such a tax, a public hearing shall be held. The requirements for the public hearing and the notice of public hearing shall be the same as specified in section 454.40 with respect to the levy of special service charges, and the tax may be levied not later than six (6) months after the public hearing by a majority vote of all of the members of the city council.

    For purposes of determining the appropriate tax rate, taxable property or value shall be determined without regard to captured or original assessed value under Minnesota Statutes, Section 273.76, or to the distribution or contribution value under Minnesota Statutes, Section 473F.08.

    Property exempt from taxation by Minnesota Statutes, Section 272.02, shall be exempt from such tax. Taxes levied under this section shall not be reduced pursuant to Minnesota Statutes, Section 273.13, Subdivisions 7, 7d or 14a. (2000-Or-028, § 1, 5-5-00)