Library Tax definition

Library Tax means the one and two-tenths (1.20) mill per dollar City tax levied on the assessed value of all taxable property within the City approved by the voters at the August 9, 2016 special election, together with all penalties and interest payable with respect thereto.
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Examples of Library Tax in a sentence

  • The System shall be supported by dedicated millage and other available funds for the support, upkeep and maintenance of the System authorized in Section 39-3- 5 (County Library Tax ...) and Section 39-3-7 (Municipal Library Tax ...) as the schedule recommended by the Board of Trustees and appropriated by the governing authorities annually at their discretion.

  • The System shall be supported by dedicated millage and other available funds for the support, upkeep and maintenance of the System authorized in Section 39-3-5 (County Library Tax ...) as recommended by the Board of Trustees and appropriated by the county annually at their discretion.

  • The total amount of County Tax Increment paid to the Agency from the Project Area during the Tax Increment Collection Period may not exceed the following limits: Countywide Tax Levy: $4,250,245.00 (“Countywide Cap”) Library Tax Levy: $1,173,278.00 (“Library Cap”) TOTAL $5,423,523.00 Tax Rate Increases.