(1) If a school district is divided into tax zones under ORS 328.570 to 328.579, the district board shall determine, make and declare each item of ad valorem property tax, as set forth in ORS 310.060 (2), for each zone established in the district when the district board adopts its budget for any fiscal year.
(2) The operating tax rate for each tax zone of the district may not exceed the lesser of the statutory or permanent rate limit for operating taxes of the district established under ORS 310.200 to 310.242 or section 11 (3), Article XI of the Oregon Constitution. [2001 c.246 §5]
Section: Previous 328.542 328.545 328.550 328.555 328.560 328.565 328.570 328.573 328.576 328.579 328.715 328.725 328.735 328.745 328.990 NextLast modified: August 7, 2008