A district may cause taxes to be levied for the purpose of paying any of its obligations and to accomplish the purposes of this division.
General ProvisionsIn General
Section § 31650
This law allows a district to collect taxes in order to pay off its debts and fulfill the goals of the division it is part of.
district taxes levy taxes pay obligations
Section § 31651
This law states that if the repayment (maturity) of a debt from bonds starts more than a year after the bonds are issued, a tax must be collected each year. This tax will cover the interest due on the debt and help save up money to repay the main amount (principal) of the bonds on time.
If the maturity of the indebtedness created by an issue of bonds begins more than one year after the date of issuance, a tax shall be levied and collected pursuant to this part annually sufficient to pay the interest on the indebtedness as it falls due and also to constitute a sinking fund for the payment of the principal of the bonds on or before maturity.
bond issuance debt maturity annual tax
Section § 31652
This law means that a district in California can raise money through taxes to cover the costs associated with forming the district, including paying for legal and other professional fees.
A district may cause taxes to be levied to pay the expenses of its formation, including fees of attorneys and others employed to conduct the formation proceedings.
district formation tax levy attorney fees
Section § 31653
This law allows a district to impose a special tax on either all taxpayers or all real estate within its boundaries. This tax must be applied equally, but unimproved land can be taxed at a lower rate than developed land.
A district may impose a special tax pursuant to Article 3.5 (commencing with Section 50075) of Chapter 1 of Part 1 of Division 1 of Title 5 of the Government Code. The special taxes shall be applied uniformly to all taxpayers or all real property within the district, except that unimproved property may be taxed at a lower rate than improved property.
special tax uniform taxation unimproved property
