76-15-515. Maximum regular assessment. Except as provided in 76-15-531 and 76-15-532, the regular assessment in any one year may not exceed 1 1/2 mills on the dollar of total taxable valuation of real property within the district. The valuation must be determined according to the last assessment roll.

     History: En. Sec. 8, Ch. 253, L. 1963; amd. Sec. 3, Ch. 152, L. 1965; amd. Sec. 7, Ch. 291, L. 1969; amd. Sec. 15, Ch. 431, L. 1971; R.C.M. 1947, 76-208; amd. Sec. 6, Ch. 473, L. 1983; amd. Sec. 3, Ch. 573, L. 1993.