FIN 2020-10-26 Item 1D - Ordinances - 2021 Tax Levy / Limiting Factor for Regular Property Tax Levy Above Rate of Inflation

Browse Search

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, HEREBY ORDAINS AS FOLLOWS: Section 1. Regular and Excess Tax Levy. A. There shall be and hereby is levied on all real, personal and utility property in the City of Tukwila, in King County, whose estimated assessed valuation is $7,835,011,635, current taxes for the ensuing year commencing January 1, 2021, in the amounts specified below: Rate Amount Regular Tax Levy $2.24 $17,500,000 Excess Tax Levy $0.47 $ 3,602,975 B. The said taxes herein provided for are levied for the purpose of payment upon the general bonded indebtedness of the City of Tukwila, the General Fund, and for the maintenance of the departments of the municipal government of the City of Tukwila for the fiscal year beginning January 1, 2021. The regular tax levy includes new construction and improvements to property, estimated to be $148,906, a re -levy of prior year refunds and cancellations in the estimated amount of $200,000, and any increase in the value of state - assessed property. C. The excess levy is levied for the purpose of debt service payments on the Unlimited Tax Obligation Bonds sold to finance costs related to the City's Public Safety Plan, as submitted to the qualified electors of the City at a special election held on November 8, 2016. Section 2. Collection. This ordinance shall be certified to the proper County officials, as provided by law, and taxes here levied shall be collected to pay to the Finance Director of the City of Tukwila at the time and in the manner provided by the laws of the State of Washington for the collection of taxes for non -chartered code cities. Section 3. Corrections by City Clerk or Code Reviser Authorized. Upon approval of the City Attorney, the City Clerk and the code reviser are authorized to make necessary corrections to this ordinance, including the correction of clerical errors; references to other local, state or federal laws, codes, rules, or regulations; or ordinance numbering and section/subsection numbering. Section 4. Severability. If any section, subsection, paragraph, sentence, clause or phrase of this ordinance or its application to any person or situation should be held to be invalid or unconstitutional for any reason by a court of competent jurisdiction, such invalidity or unconstitutionality shall not affect the validity or constitutionality of the remaining portions of this ordinance or its application to any other person or situation. Section 5. Effective Date. This ordinance or a summary thereof shall be published in the official newspaper of the City, and shall take effect and be in full force and effect January 1, 2021. CC: Legislative Development\General Tax Levy + Excess Levy 10-8-20 AW:bjs Review and analysis by Barbara Saxton Page 2 of 3