Ordinance No. 19233 - Laserfiche WebLink

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~9~.3 of property as effected by the apportionment. The finance officer shall collect all such taxes by appropriate legal action in the name of the city. 3.755 Ad Valorem Taxation in Downtown Develo ment District -Classes of Property, For special ad valorem taxation on the ownership of real property in the Downtown Development District for any fiscal year, real property in the district is hereby classified: ~a~ Class I - All real property that is not otherwise classified. fib} Class II -That part of property which is devoted to automobile parking facilities open to the general public and under the control of the Downtown Commission, 3.76D Ad Valorem Taxation in Downtown Develo ment District - A or- tionment. ~1} Far purposes of this section, "owner" means the owner of record on the Lane County tax rolls an July 1 of the year in which the tax is assessed, unless the finance officer receives a written notif i- cation of a change in ownership subsequent to that date. ~2} The finance officer shall apportion as follows a special ad valorem tax levied for a fiscal year on the ownership of real pro - erty in the Downtown Develo ment p p District: ~a} The finance officer shall ascertain from the tax rolls of Lane County far that year the total assessed valua- tion of the taxable real property in the district and deduct the assessed valuation of Class II property from the total. ~b~ The amount thus ascertained shall be divided into the amount of the levy to obtain the rate. ~c~ This rate shall be multiplied by the assessed valu- ation of each parcel of taxable real property, excluding Class II property. The owner of a parcel of property in Class I shall be liable for the tax in an amount equal to the product obtained under subparagraph (c~ of this subsection. ~3} The tax for which the owner of a parcel is liable an the basis of the computations prescribed by this section shall be due and payable on the following dates: one-third on November I5 of the fiscal year for which the tax i s 1 evi ed, one-third on February ~5 of that fiscal year, and one-third on May 15 of that fiscal year. A discount of three percent shall be allowed if the total tax for the year is paid prior to November ~6 of that year. Any portion of the tax not paid when it becomes due under this schedule shall bear interest at a rate established pursuant to section 2.D22 of this code until the portion is paid. The date of payment, for purposes of timeliness, shall be the date of its personal delivery to the finance officer or his or her designee, or its postmark date, whichever is the earlier. ~4~ If an adjustment made by the finance officer in a tax assessed under this section results in an overpayment of taxes, the finance officer shall apply the amount thereof to other taxes due and owing from the owner who paid the taxes, and refund the balance, if any, or the entire overpayment if na other taxes are due, to that owner. Interest, at a rate established pursuant to section 2.D22 of this code, shall be paid on any amount refunded, and shall accrue from the date Ordinance - 2