upr000062 265

\ m #5*00 per #100 of assessed palliation* * The make-up of the 1940 tax rate, shoving the various tax jurisdictions and respective rates is presented here* 1949 ?*x Bate Inside Las Ve^as Incorporated Area state $ *680 General County 1*380 Education* District Ho* 8 Si#i School *3O0 Bond Hetirament *106 School District Ho* 12 Elementary .330 Kindergarten .330 Bond Servicing •116 Das Vegas Artesian Basin Fund .010 Das Vegas City 1.430 Total - inside Das Vegas City fSuUOD Although sons changes say occur In the various tax rates Making up the $$*00 total, there Is little prospect of tdse total falling below the legal limit* Other Municipal Taxes under Ordinance Ho* 390 {effective October 1, 1949), the City of las Vegas Instituted a new license tax on water con* pantes* The payments under this tax are computed at 3/4 of 3$ of gross earning, payable quarterly* the new ordinance repealed the old city license tax of #100 par quarter year* During the first quarter of its operation (Oot,-D©c. 1949) the new tax produced #373*01 for the City* dm the basis of estimated gross earning* of #914,000 in I960 under present rates, an operating expense of #1703*00 will be incurred through this tax* With increased rates the amount of the license tax will naturally increase along with the added gross earnings*