§ 13284 Special District Bond Taxation

Public Utilities Code·California

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Key Takeaways

•Only property inside a special district can be taxed to pay back refunding bonds.
•Refunding bonds are used to pay off old debts of the special district.
•If you own property in the special district, you might have to pay extra taxes for these bonds.

Example

Imagine a small town has a special district for its parks. The town took out a loan (bond) years ago to build a playground but now wants to refinance that loan to get a better deal.

Only the people who own homes or land in that special park district will have to pay extra taxes to cover the new loan (refunding bond). If you don’t live in that district, you won’t pay this tax.

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Official Source

View on CA.gov

§ 13284 Special District Bond Taxation

Only the property in a special district is taxable for the payment of the principal and interest on any refunding bonds which are issued for the purpose of refunding any indebtedness of a special district. (Enacted by Stats. 1951, Ch. 764.)

Last verified: January 23, 2026

Key Terms

special district refunding bonds indebtedness

References

Official text at leginfo.legislature.ca.gov
California Legislature. Public Utilities Code. Section 13284.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References