Laws, Regulations & Annotations

PTLG Table of Contents > Property Tax Annotations > A > 110.0000 ALLOCATION OF PROPERTY TAX REVENUES > 110.0010

Property Taxes Law Guide – Revision 2017

Property Tax Annotations

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A

110.0000 ALLOCATION OF PROPERTY TAX REVENUES

Annotation 110.0010

110.0010 Calculation. In calculating the allocation of property tax revenues when a city incorporates but does not assume all service responsibilities for its territory, the calculations are not to include (1) funds carried over to the prior fiscal year from a previous year or (2) funds derived from charges for licenses, permits, and such services as law enforcement services furnished under contract to other governmental agencies where the charges are levied specifically to offset the cost of the particular services and do not exceed the cost reasonably borne in providing the services. OAG 9/15/1988 (No. 88-603, Vol. 71, p. 286).