OAR 150-294-0300: Definition of Taxing Authority

(1) “Permanent Tax Rate” means the tax rate calculated by the Department of Revenue for the 1997-98 tax roll or as subsequently adjusted as provided for in ORS 310.246. In the case of districts that have never levied a tax, it is the tax rate adopted by voters as set out in Section 11(3)(c), and Section 11(8), Article XI of the Oregon Constitution. (2) “Local Option Tax” means an ad valorem property tax that exceeds the limitation of the Article XI, Section 11, of the Oregon Constitution. The tax must be adopted by voters as set out in Section 11(4) and Section 11(8), Article XI of the Oregon Constitution. (3) “Bond levy” means a levy for payment of bond principal and interest for general obligation bonds. (4) “GAP Bond” means obligations which have been in existence since before December 5, 1996 as set out in Section 21(7)(a)(b)(c) of Chapter 541, Oregon Laws 1997. No new “GAP Bonds” can be created. (5) “Local government pension and disability plan obligations that commit ad valorem property taxes” has the meaning set out in Section 11(5)(c), Article XI of the Oregon Constitution. (6) “Urban Renewal Special Levy” means the amount an urban renewal agency can collect in addition to the amount collected by applying the rates of the taxing districts in the plan area to be increment value in the plan area in order to carry out the urban renewal program as set out in Section 34 of Chapter 541, Oregon Laws 1997.