§ 160A-542. Taxes authorized; rate limitation. - North Carolina Statutes

§ 160A‑542.  Taxesauthorized; rate limitation.

A city may levy property taxes within defined service districts inaddition to those levied throughout the city, in order to finance, provide ormaintain for the district services provided therein in addition to or to agreater extent than those financed, provided or maintained for the entire city.In addition, a city may allocate to a service district any other revenues whoseuse is not otherwise restricted by law.

Property subject to taxation in a newly established district or in anarea annexed to an existing district is that subject to taxation by the city asof the preceding January 1.

Property taxes may not be levied within any district establishedpursuant to this Article in excess of a rate on each one hundred dollar($100.00) value of property subject to taxation which, when added to the ratelevied city wide for purposes subject to the rate limitation, would exceed therate limitation established in G.S. 160A‑ 209(d), unless that portion ofthe rate in excess of this limitation is submitted to and approved by amajority of the qualified voters residing within the district. Any referendumheld pursuant to this paragraph shall be held and conducted as provided in G.S.160A‑209.

This Article does not impair the authority of a city to levy specialassessments pursuant to Article 10 of this Chapter for works authorized by G.S.160A‑491, and may be used in addition to that authority. (1973, c. 655, s. 1.)