162.925. Property subject to tax--special district taxes not to be used in determining average school levy. - Missouri Statutes

Property subject to tax--special district taxes not to be used indetermining average school levy.

162.925. All real and tangible personal property owned byrailroads, street railways, bridge companies, telegraphcompanies, electric light and power companies, electrictransmission line companies, pipeline companies, expresscompanies, airline companies and other companies and publicutilities whose property is assessed by the state tax commissionshall be taxed at the same rate of taxation levied on otherproperty in the special school district and said property shallbe taxed in the same manner and to the same extent as propertywhich is subject to assessment and taxation for general countypurposes, and all of the provisions of chapters 151, 153, 154 and155, RSMo, shall apply to taxation by special school districts tothe same extent as if special school districts were specificallyincluded in the provisions contained in chapters 151, 153, 154and 155, RSMo, except that the taxes levied by special schooldistricts shall not be included for the purpose of determiningthe average school levy for the other school districts in thecounty in which they are situated. The taxes levied against theproperty by special school districts shall be collected in thesame manner as general county taxes.

(L. 1973 H.B. 474 § 56)

Effective 7-1-74