§ 3.37.035. Schedule of special tax rate—Procedure for adjusting tax rate.

A.

Subject to subsection B of this section, the tax rate schedule for the period of the special tax is as follows:

	Maximum Tax Rate (per year)	Maximum Tax Rate (per year)	Maximum Tax Rate (per year)	Maximum Tax Rate (per year)
	_____
	Fiscal Years 99/00-03/04	Fiscal Years 04/05-08/09	Fiscal Years 09/10-13/14	Fiscal Years 14/15-18/19
	_____
Description of Property
Single unit residential parcels (including mobilehomes and condominiums)	$34.00	$37.00	$40.00	43.00
Multi-unit residential parcels with four or fewer units	$51.00	$55.00	$60.40	$65.73
Multi-unit residential parcels with five or more units	$60.00	$65.29	$71.06	$77.32
Commercial and industrial parcels	$103.00	$112.09	$121.98	$132.74

 

B.

The tax rates established by subsection (A) of this section are the maximum tax rates that may be imposed. The tax rate for fiscal years 1999/2000 through 2003/2004 are set forth in subsection (A) of this section and may not be increased until July 1, 2004. Any increase in the tax rate for the five-year period commencing July 1, 2004, shall not take effect unless approved by the board after holding a duly noticed public hearing. Notice of such public hearing shall be given by placing at least a one-eighth page display advertisement in at least one newspaper of general circulation within the county at least ten but not more than sixty days prior the hearing. At the conclusion of the hearing the board by adopting an appropriate resolution may increase the tax rate for the five-year period commencing July 1, 2004, in whatever amount it deems is appropriate based on the use of property and the risk of fire associated therewith so long as that increase does not exceed the maximum tax rate established by Section 3.37.035 for the period July 1, 2004 through June 30, 2009. Additional public hearings and adoption of resolutions will be required for tax rate adjustments to take effect during the remaining two five-year periods. In the event the board chooses not to adjust the tax rate, the tax rate in effect at that time shall continue for the next five-year period.

C.

Not more than one adjustment of the special tax rate shall occur during any five year period. For this purpose a decision not to increase the special tax rate is considered an adjustment.

(Ord. 1149 § 2 (part), 1998)