Anticipated county property tax revenue availability definition

Anticipated county property tax revenue availability means the
Anticipated county property tax revenue availability means the county-adjusted property tax base multiplied by the effective State average tax rate.
Anticipated county property tax revenue availability means the 2 county-adjusted property tax base multiplied by the effective State average 3 tax rate. 4 (2) "Anticipated total county revenue availability" means the sum of the 5 following: 6 a. Anticipated county property tax revenue availability. 7 b. Local sales and use taxes received by the county that are levied under 8 Chapter 1096 of the 1967 Session Laws or under Subchapter VIII of 9 Chapter 105 of the General Statutes. 10 c. Sales tax hold harmless reimbursement received by the county under 11 G.S. 105-521. 12 d. Fines and forfeitures deposited in the county school fund for the most 13 recent year for which data are available. 14 (3) "Anticipated total county revenue availability per student" means the 15 anticipated total county revenue availability for the county divided by the 16 average daily membership of the county. 17 (4) "Anticipated State average revenue availability per student" means the sum 18 of all anticipated total county revenue availability divided by the average 19 daily membership for the State. 20 (5) "Average daily membership" means average daily membership as defined in 21 the North Carolina Public Schools Allotment Policy Manual, adopted by the 22 State Board of Education. If a county contains only part of a local school 23 administrative unit, the average daily membership of that county includes all 24 students who reside within the county and attend that local school 25 administrative unit. 26 (6) "County-adjusted property tax base" shall be computed as follows: 27 a. Subtract the present-use value of agricultural land, horticultural land, 28 and forestland in the county, as defined in G.S. 105-277.2, from the 29 total assessed real property valuation of the county. 30 b. Adjust the resulting amount by multiplying by a weighted average of 31 the three most recent annual sales assessment ratio studies. 32 c. Add to the resulting amount the following: 33 1. Present-use value of agricultural land, horticultural land, and 34 forestland, as defined in G.S. 105-277.2. 35 2. Value of property of public service companies, determined in 36 accordance with Article 23 of Chapter 105 of the General 37 Statutes. 38 3. Personal property value for the county. 39 (7) "County-adjusted property tax base per square mile" means the 40 county-adjusted property tax base divided by the number of square miles of 41 land area in the county. 42 (8) "County wealth as a percentage of State average wealth" shall be computed 43 as follows: 44 a. Compute ...

Related to Anticipated county property tax revenue availability

  • Anticipated total county revenue availability means the sum of the:

  • Anticipated State average revenue availability per student means the sum of all anticipated total county revenue availability divided by the average daily membership for the State.

  • Anticipated total county revenue availability per student means the anticipated total county revenue availability for the county divided by the average daily membership of the county.

  • Incremental property taxes means the taxes as provided in Iowa Code sections 403.19 and 260E.4. “Industry” means a business engaged in interstate or intrastate commerce for the purpose of manufacturing, processing, or assembling products, conducting research and development, or providing services in interstate commerce, but excludes retail, health, or professional services. An industry is a business engaged in activities described as eligible in the Act rather than the generic definition encompassing all businesses in the state doing the same activities. An industry is considered to be a single, corporate entity or operating subdivision. An industry which closes or substantially reduces its operation in one area of the state of Iowa and relocates substantially the same operation in another area of the state is not eligible for a project. This definition does not prohibit a business from expanding its operations in another area of the state provided that existing operations of a similar nature are not

  • County-adjusted property tax base per square mile means the county-adjusted property tax base divided by the number of square miles of land area in the county.

  • State average current expense appropriations per student means the most

  • Effective State average tax rate means the average of effective county tax rates for all counties.

  • Effective county tax rate means the actual county tax rate multiplied by a weighted average of the three most recent annual sales assessment ratio studies.