All territory within the City of Milwaukie is annexed to Clackamas
Fire District No. 1 (CFD1) effective July 1, 2005.
(Ord. 1958 § 1, 2006)
Except as provided in Section
3.20.040, in order to avoid an overall property tax increase on property within the City, the City shall adjust the property tax rate it certifies annually to the County by reducing the City tax rate by 2.4012 per $1,000 of assessed valuation for any year in which property within the City is required to pay property tax to CFD1.
(Ord. 1958 § 1, 2006)
Except as provided in Section
3.20.040, in order to avoid an overall property tax increase on property within the City, the City shall adjust the property tax rate it certifies annually by an additional adjustment for property tax levied by CFD1 for bonded debt for Oak Lodge Fire District No. 51, General Obligation Bonds, Series 1995 and Clackamas County Fire District No. 1, General Obligation Bonds, Series 2001. The adjustment shall be determined by calculating the amount levied on property within the City for that bonded debt and reducing the property tax rate it certifies in the subsequent fiscal year by the rate required during the subsequent fiscal year to compensate for the amount paid the previous year.
(Ord. 1958 § 1, 2006)
The City may certify a property tax rate higher than the rate resulting from application of Sections
3.20.020 and
3.20.030 only if the voters approve the higher tax rate.
(Ord. 1958 § 1, 2006)