State Ex Rel. School District No. 37 v. Clark County

Millard, J. —

The forty mill tax limit statute (Ch. 4, Laws of 1933, p. 47, Initiative Measure No. 64) provides that

“. . . the aggregate of all tax levies upon real and personal property by the state, county, school district and city or town, shall not in any year exceed forty mills on the dollar of assessed valuation, which assessed valuation shall be fifty per cent of the true and fair value of any such property in money, and the levy by the state shall not exceed five mills, the levy by any county shall not exceed ten mills, including the levy for the county school fund, the levy by or for…