Whenever in any school district in the State where special levies and taxes have been authorized, levied and are being collected the assessed valuation of the property shall have so increased since the authorization of the special levy as to provide an amount of taxes in excess of that contemplated at the time of the authorization of the levy or in excess of the amount collected the first year under such authorization, then, upon the written petition of the trustees of such school district approved by the county board of education and upon the petition of three fourths of the residents subject to such tax, the auditor of the county in which the school district is situate and the tax being collected shall reduce the levy for such school district to such an amount as will produce the total amount of taxes originally intended to be collected.
HISTORY: 1962 Code Section 21-927; 1952 Code Section 21-927; 1942 Code Section 5331; 1932 Code Section 5357; Civ. C. '22 Section 2604; 1919 (31) 243.
Structure South Carolina Code of Laws
Section 59-73-10. Additional county taxes shall be determined by electorate.
Section 59-73-20. School districts declared tax districts.
Section 59-73-30. Levy of annual school district tax.
Section 59-73-40. Petition for and notice of election.
Section 59-73-50. Voting at and conduct of election.
Section 59-73-60. Levy of tax; increase, decrease, or repeal of tax.
Section 59-73-70. Levy constitutes a lien.
Section 59-73-80. Paying out tax collected.
Section 59-73-90. Designation of school by taxpayer.
Section 59-73-100. Reduction of unnecessarily high special school levies.
Section 59-73-110. Reduction of special school levies by boards and legislative delegation.
Section 59-73-120. Discontinuance of special school levies when purpose satisfied.
Section 59-73-130. Tax levy in Saluda County for benefit of Ridge Spring School District No. 2.
Section 59-73-140. Tax levy in Saluda County; collection and credit of taxes.