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North Dakota Century Code Title 57. Taxation § 57-15-31. Determination of levy

Current as of January 01, 2024 | Updated by Findlaw Staff

1. The amount to be levied by any county, city, township, school district, park district, or other municipality authorized to levy taxes must be computed by deducting from the amount of estimated expenditures for the current fiscal year as finally determined, plus the required reserve fund determined upon by the governing board from the past experience of the taxing district, the total of the following items:

a. The available surplus consisting of the free and unencumbered cash balance;

b. Estimated revenues from sources other than direct property taxes;

c. The total estimated collections from tax levies for previous years;

d. Expenditures that must be made from bond sources;

e. The amount of distributions received from an economic growth increment pool under section 57-15-61; and

f. The estimated amount to be received from payments in lieu of taxes on a project under section 40-57.1-03.

2. Allowance may be made for a permanent delinquency or loss in tax collection not to exceed five percent of the amount of the levy.

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Cite this article: FindLaw.com - North Dakota Century Code Title 57. Taxation § 57-15-31. Determination of levy - last updated January 01, 2024 | https://codes.findlaw.com/nd/title-57-taxation/nd-cent-code-sect-57-15-31/

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