Ordinance No. 19276 - Laserfiche WebLink

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/9z ~6 rolls of Lane County for that year the total assessed valua- tion of the taxable real property in the district and deduct the assessed valuation of Class II, III, and Class IV property f ram the tota 1. fib} 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, III, and IV property, The owner of a parcel of prop- erty in Class I shall be liable for the tax in an amount equal to the product obtained under subparagraph ~c} of this subsec- tion. ~3~ The tax for which the owner of a parcel is liable on the basis of the computations prescribed by this section shall be due and payable an the fallowing dates: one-third on November 15 of the fiscal year for which the tax is levied, one-third on February 15 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 16 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 Z.flZZ 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 no other taxes are due, to that owner. Interest, at a rate established pursuant to section Z.OZZ of this code, shall be paid on any amount refunded, and shall accrue from the date of the original payment to the date of refund. 3.765 Ad Valorem Taxation in Downtown Devely ment District - Exem bons. Before an exemption from taxation is allowed far any year, the owner of any property for which an exemption is claimed shall file with the finance officer, on or before September 1st in such year, or within 30 days of the date of acquisition of such property, whichever is later, a statement listing all property claimed to be exempt and showing the purpose for which such property is used, If the finance officer finds that such property qualifies for an exemption, a certificate of exemption shall be issued. 3,767 Ad Valorem Taxation in Downtown Development District - Rules. In administering the ad valorem taxation program in the Downtown Development District, the finance officer shall develop rules and regulations, consistent with other provisions of this code, that provide far the resolution by administrative action of matters such as, but not limited to, a determination of adjustments in taxes based on changes in assessed valuations, and such other matters as the finance officer deems necessary for the proper administration of the program. The rules and regulations shall be in writing, and reviewed and approved by the Downtown Ordinance - 9