Section 102339 Of Article 7. Property Taxation From California Public Utilities Code >> Division 10. >> Part 14. >> Chapter 5. >> Article 7.

. The board shall, on or before the first day of September, fix the rate or rates of taxes, designating the number of cents upon each one hundred dollars ($100), and use as a basis the value of property transmitted to the board by the county auditor, which rate of taxation shall be sufficient to raise the amount previously fixed by the board.