The described area withdrawn shall, from the date of entry of the order, be free from assessments and taxes levied thereafter by the district. However, the withdrawn area shall remain subject to any bonded or other indebtedness existing at the time of the order, except as provided by ORS 198.882. The proportionate share shall be based on the assessed valuation, according to the assessment roll in the year of the levy, of all the property contained in the district immediately prior to the withdrawal. [1971 c.727 §41; 1977 c.663 §1]
Section: Previous 198.860 198.865 198.866 198.867 198.869 198.870 198.875 198.880 198.882 198.885 198.890 198.895 198.900 198.902 198.903 NextLast modified: August 7, 2008