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28 $6*00 per #100 of assessed valuation. Tha make-up of the 1949 tax rata, shoving the various tax jurisdictions and respective rates is presented here. 1949 f ax Eats Inside Las Vegas Incorporated Area — 1 *' '* ' *--------------t—i-i— 1r-TT-xvirif ' i m -nn» m niiiii i .» »« — HI...I.I.UHI ».]| State General County # .630 1.880 Education, District No. 2 High School .300 Bond Retirement .103 school District No. 12 Elementary .230 Kindergarten .230 Bond Servicing .115 Las Vegas Artesian Basin Fund .010 Las Vegas City 1.450 Total - Inside Las Vegas City f C T O O Although some ohanges stay occur in the various tax rates asking up the #5.00 total, there ie little prospect of the total falling below the legal limit. Other Municipal faxes Under Ordinance No. 590 (effective October 1, 1949), the City of Las Vegas instituted a new license tax on water companies. The payments under this tax are computed at 3/4 of 1# of gross earnings, payable quarterly. fha new ordinance repealed the old city license tax of #100 per quarter year* During the first quarter of its operation (Oct.-Dee* 1949) the new tax produced #378.01 for the City. On the basis of estimated gross earnings of #214,000 in 1950 under present rates, an operating expense of #1705.00 will be incurred through this tax. With increased rates the amount of the license tax will naturally increase along with the added gross earnings.