The assessed value determined and enrolled by the county assessor is multiplied by the appropriate tax rate to
form the basis of the current year’s tax bill. The tax rate is 1 percent plus (1) the amount necessary to make annual
payments due on general obligation bonds or other indebtedness incurred prior to July 1, 1978; (2) any bonded
indebtedness for the acquisition or improvement of real property approved by a two-thirds majority of voters on or
after July 1, 1978; and (3) effective January 1, 2001, certain bonded indebtedness for school facilities approved by
55 percent of the voters. The collection of these taxes and their allocation to the appropriate taxing jurisdictions are
functions of the county tax collector and the county auditor, respectively. Like the county assessor, these officials
are governed by state law