Determining Preceding Year Tax Levy

(1) Determining the preceding year tax levy comprises the following components: 1) Total preceding year tax base; and 2) Preceding year tax rate. (2) EXAMPLE OF DETERMINING PRECEDING YEAR TAX LEVY: EXAMPLE A Jurisdiction’s preceding year total tax base is $4,561,666,107 (Jurisdiction’s preceding year State Board of Equalization certified total centrally assessed property + Jurisdiction’s preceding year total locally assessed property) and the jurisdiction’s preceding year tax rate is $2.50 for every $100 in value. The following is an example of the calculation: $4,561,666,107/100*2.50 = $114,041,653 (Preceding Year Tax Levy)