 4.
Vote
After 90 days have passed, but before 180 days, the proposed
levy is submitted to the area's registered voters. A 2/3 majority
vote is required to pass the special tax. If there is not a
2/3 majority, the legislature may not pursue the formation of
a Community Facilities District for at least one year. |
|
 5.
Bonds Issued
Once the lien on the properties in the district has been recorded,
the district may begin to sell municipal bonds. This raises
the money necessary to pay for the proposed facilities. If the
district was formed to provide only services, bonds will not
be issued. |
|
 6.
Calculation
Each year the district calculates the special tax for each parcel,
basing the calculations on the Rate and Method of Apportionment
(RMA). The district submits the tax charges to the County, who
adds them to your annual Property Tax Bill. |
