California Revenue and Taxation Code 100.01 – Commencing with the 1995-96 fiscal year, the aggregate assessed value …
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Commencing with the 1995-96 fiscal year, the aggregate assessed value of all county-assessed property rights or interests as described in Section 401.8 shall be assigned to a separate, countywide tax rate area. The tax rate to be applied to this assessed value shall be the sum of the two rates determined pursuant to subdivision (b) of Section 100, and the property tax revenues so derived shall be allocated in accordance with the allocation procedures set forth in subdivisions (c) and (d) of Section 100.
(Added by Stats. 1995, Ch. 32, Sec. 1. Effective June 28, 1995.)
Terms Used In California Revenue and Taxation Code 100.01
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.