California Revenue and Taxation Code 2306 – Whenever a functional consolidation occurs, the maximum property tax …
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Whenever a functional consolidation occurs, the maximum property tax rate for any local agency affected by such functional consolidation shall be determined as provided in this article.
(Added by Stats. 1973, Ch. 358.)
Terms Used In California Revenue and Taxation Code 2306
- functional consolidation: means the transfer, from one local agency to another, of both of the following: (1) the responsibility for providing a program or a service to an area within the jurisdiction of the transferring agency and (2) the responsibility for levying a property tax rate within such area to pay the cost of such service or program. See California Revenue and Taxation Code 2305