Kings

Unavailable

Unavailable

Description:

Effective Date

7/1/1992

Sunset Date

City of Hanford

Election Date:

The District Community Facilities District No. 91-1 was formed by the city in 1991 pursuant to the Mello-Roos Community Facilities Act of 1982, following a public hearing and a landowner election at which the qualified electors of the district, by more than a two-thirds majority vote, authorized the district to incur bonded indebtedness in the amount of $6,000,000 and approved the levy of special taxes. The bonds are being issued for the purpose of providing funds to refund the City of Hanford Community Facilities District No. 91-1 (Hanford Mall Public Improvements) Special Tax Bonds, Series 1992, (the “Prior Bonds”); for funding a reserve fund for the bonds; and for paying certain costs associated with the issuance of the Bonds.

Rate:

The maximum annual special tax, beginning July 1, 1992, shall be $22,200 per acre, plus a services portion, which shall be $300 per acre. The services tax shall be increased annually after the first fiscal year by 4.5 percent.

Government properties, right-of-way or utility easement properties, and parcels assigned a zero value by the county assessor are exempt.

Exemptions:

Uniformity:

Uniform

Levy Type:

Mello-Roos Special Tax

Vote in Support (%):

More Information:

California Tax Foundation   |   1215 K Street, Sacramento, CA 95814   |   916.441.0490   |   foundation@caltax.org

© 2019 CALIFORNIA TAX FOUNDATION. ALL RIGHTS RESERVED.