59-2-908 - Single aggregate limitation -- Maximum levy.
59-2-908. Single aggregate limitation -- Maximum levy.
(1) Except as provided in Subsection (2), each county shall have a single aggregatelimitation on the property tax levied for all purposes by the county. Except as provided inSection 59-2-911, this limitation may not exceed the maximum set forth in this section. Themaximum is:
(a) .0032 per dollar of taxable value in all counties with a total taxable value of morethan $100,000,000; and
(b) .0036 per dollar of taxable value in all counties with a total taxable value of less than$100,000,000.
(2) (a) Beginning January 1, 1995, a county may impose a tax rate in excess of thelimitation provided in Subsection (1) if the rate established under Subsection (1)(a) or (b)generates revenues for the county in an amount that is less than the revenues that would begenerated by the county under the certified tax rate established in Section 59-2-924.
(b) A county meeting the requirements of Subsection (2)(a) may impose a tax rate thatdoes not exceed the certified tax rate established in Section 59-2-924.
Amended by Chapter 61, 2008 General Session
Amended by Chapter 231, 2008 General Session
Amended by Chapter 236, 2008 General Session