|
l
<br />LEVY LIMIT WORKSHEET - 2020 Tax Roll
<br />TAXING DISTRICT: City of Tukwila
<br />The following determination of your regular levy limit for 2020 property taxes is provided by the King County
<br />Assessor pursuant to RCW 84.55.100.
<br />Annexed to Library District
<br />Using Limit Factor
<br />For District
<br />(Note 1) Estimated Library rate: 0.32320
<br />Calculation of Limit Factor Levy
<br />Using Implicit
<br />Price Deflator
<br />15,918,099
<br />1.0100
<br />16,077,280
<br />135,999,307
<br />0
<br />135,999,307
<br />2.39148
<br />325,240
<br />16,402,520
<br />Levy basis for calculation: (2019 Limit Factor) (Note 2)
<br />x Limit Factor
<br />= Levy
<br />Local new construction
<br />+ Increase in utility value (Note 3)
<br />= Total new construction
<br />x Last year's regular levy rate
<br />= New construction levy
<br />Total Limit Factor Levy
<br />15,918,099
<br />1.0140
<br />16,140,316
<br />135,999,307
<br />0
<br />135,999,307
<br />2.39148
<br />325,240
<br />16,465,556
<br />0
<br />16,402,520
<br />7,329,542,191
<br />2.23786
<br />0
<br />0
<br />Annexation Levy
<br />Omitted assessment levy (Note 4)
<br />Total Limit Factor Levy + new lid lifts
<br />Regular levy assessed value less annexations.
<br />= Annexation rate (cannot exceed statutory maximum rate)
<br />x Annexation assessed value
<br />= Annexation Levy
<br />0
<br />16,465,556
<br />7,329,542,191
<br />2.24646
<br />0
<br />0
<br />0
<br />16,402,520
<br />16,402,520
<br />14,014
<br />16,416,534
<br />16,416,534
<br />2.23978
<br />15,956,101
<br />121,179
<br />0.76%
<br />Lid lifts, Refunds and Total
<br />+ First year lid lifts
<br />+ Limit Factor Levy
<br />= Total RCW 84.55 levy
<br />+ Relevy for prior year refunds (Note 5)
<br />= Total RCW 84.55 levy + refunds
<br />Levy Correction: Year of Error (+or-)
<br />ALLOWABLE LEVY (Note 6)
<br />Increase Information (Note 7)
<br />Levy rate based on allowable levy
<br />Last year's ACTUAL regular levy
<br />Dollar increase over last year other than N/C — Annex
<br />Percent increase over last year other than N/C — Annex
<br />0
<br />16,465,556
<br />16,465,556
<br />14,014
<br />16,479,570
<br />16,479,570
<br />2.24838
<br />15,956,101
<br />184,215
<br />1.15%
<br />Calculation of statutory levy
<br />Regular levy assessed value (Note 8)
<br />x Maximum statutory rate
<br />= Maximum statutory levy
<br />+Omitted assessments levy
<br />=Maximum statutory levy
<br />Limit factor needed for statutory levy
<br />7,329,542,191
<br />3.50180
<br />25,666,591
<br />0
<br />25,666,591
<br />Not usable
<br />ALL YEARS SHOWN ON THIS FORM ARE THE YEARS IN WHICH THE TAX IS PAYABLE.
<br />Please read carefully the notes on the reverse side.
<br />10/21/19 5:32 PM
<br />LevyLimitWS.doc
<br />9
<br />
|