Provisions in the bill would prevent local statutory interest rates applied to unpaid ad valorem taxes
from being discounted down to Internal Revenue Code's prime rate.
At trial, the court first determined that the County was legally authorized to assess ad valorem taxes
on the improvements; but, the County was not legally authorized to assess ad valorem taxes
on the land underlying the Portofino Condominiums.
VII, [section]12 of the Florida Constitution is triggered when a local government issues bonds that not only pledge the ad valorem taxing power, but also pledge any proceeds of ad valorem taxes
For example, monopoly power affects both the level of an optimal Pigouvian tax [2; 22] and the welfare comparison between revenue-raising specific and ad valorem taxes
Proposition 1, which received more favorable votes than Proposition 2, applies only to the city's ad valorem taxes
and water and sewer rate increases, while Proposition 2 pertains to all revenues of the city.
The 'F1+' rating on the cash flow notes reflects both the pledge of unlimited ad valorem taxes
, predictable tax revenue streams, and strong cash management practices.
Despite its ability to levy ad valorem taxes
in the member jurisdictions, WSSC covers bond debt service from a diverse array of revenue sources: front-foot assessments on properties benefiting from water and sewer system improvements and water and sewer service charges.
About 40% of general fund revenue is derived from ad valorem taxes
and about 35% from sales taxes.
Three-quarters of general fund revenue is derived from ad valorem taxes
In addition, it pledges ad valorem taxes
levied on all taxable property within the village without limitation as to rate or amount.
Further assurance to bondholders is provided by the assessment collection process and a rigorous tax lien process; although the drainage taxes are not ad valorem taxes
, under Florida law non-ad valorem assessments may be collected in the same manner as ad valorem taxes
The bonds and COs are secured by a pledge of ad valorem taxes
levied annually within the limits prescribed by law against all taxable property.