There is a newer version of the Oregon Revised Statutes
2015 Oregon Revised Statutes
Volume : 13 - Water Resources, Agriculture and Food
Chapter 553 - Water Control Districts
Section 553.730 - Limitation on tax levy.
OR Rev Stat § 553.730 (2015) What's This?
No levy of an ad valorem tax under ORS 553.710 for any one year shall exceed one-half of one percent (0.005) of the real market value of all taxable property within the subdistrict, computed in accordance with ORS 308.207. If the total sum of money required to be raised under the terms of a contract entered into by a district, together with the sum of money to be raised to pay the costs and expenses of the district incurred in connection therewith, exceeds such limitation, a levy for each year thereafter shall be made by the district until the entire contract obligation has been discharged.
[Amended by 1963 c.9 §31; 1991 c.459 §432]
Disclaimer: These codes may not be the most recent version. Oregon may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
