2003 - 06-23-03 Budget Work Session

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BUdget Ordinance, Fisca 'ear 2003-04 County of Lee, North Carolina BN:N1 19 PAGE June 23, 2003 Page 15 SECTION 45. There is hereby levied a tax at the rate of EIGHT AND EIGHT TENTHS (8.8) cents per one hundred dollars (S 100) valuation of property listed for taxes as of January 1, 2003, located within the West Sanford Fire District for the raising of revenue for said district. This rate is based on an estimated total valuation of 559288,349 for purposes of taxation and an estimated collection rate of 97%. SECTION 46. There is hereby levied a tax at the rate of SEVEN AND NO TENTHS (7.0) cents per one hundred dollars (5100) valuation Of property listed for taxes as of January 1, 2003, located within the Lemon Springs Fire District for the raising of revenue for said district. This rate is based on an estimated total valuation of S21 7,500, 136 for purposes of taxation and an estimated collection rate of 93%. SECTION 47. There is hereby levied a tax at the rate of THREE AND EIGHT TENTHS (3.8) cents per one hundred dollars (S 100) valuation of property listed for taxes as of January 1, 2003, located within the Tramway Fire District for the raising of revenue for said district. This rate is based on an estimated total valuation of S365,622,201 for purposes of taxation and an estimated collection rate of 96%. SECTION 48. There is hereby levied a tax at the rate of SEVEN AND SIX TENTHS (7.6) cents per one hundred dollars (S I00) valuation of property listed for taxes as of January 1, 2003, located within the Deep River Fire District lot the raising of revenue for said district. This rate is based on an estimated total valuation of S 139,515,440 for purposes of taxation and an estimated collection rate of 95%. SECTION 49. There is hereby levied a tax at the rate of SEVEN AND ONE TENTHS (7.1) cents per one hundred dollars (S 100) valuation of property listed for taxes as of.lanuary 1, 2003, located within the Cameron Fire District for the raising of revenue for said district. This rate is based on an estimated total valuation of S55,854,185 for purposes of taxation and an estimated collection rate of 89%.