(1) Not later than June 22 of each year, or September 1 in the case of a property
tax increase under Sections 59-2-919 through 59-2-923, the council, at a regular meeting or special meeting called for that purpose, shall
by ordinance or resolution set the real and personal property tax levy for town purposes,
but the levy may be set at an appropriate later date with the approval of the State
(2) The combined levies for each town, for all purposes in any year, excluding the
retirement of general obligation bonds and the payment of any interest, and taxes
expressly authorized by law to be levied in addition, may not exceed .007 per dollar
of taxable value of taxable property.
(3) The town clerk shall certify the ordinance or resolution setting the levy to the
county auditor, or auditors, if the town is located in more than one county, not later
than June 22 of each year.
(4) For the first fiscal year after the year in which a county imposes a levy under
Section 11-46-104, a town shall reduce the levy imposed under this section for general
tax purposes by the amount necessary to offset the revenue described in Subsection
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?
Response sent, thank you
Welcome to FindLaw's Cases & Codes
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.