HomeMy WebLinkAboutSpecial 2009-11-23 Item 3A.1 - Ordinance - 2010 General Taxes LevyCAS NUMBER:
and Source:
'omments:
TO.DA
11/23/09
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Mtg Date 11/23/09 Mtg Date
EXPENDITURE REQUIRED
Meeting Date
11/23/09
COUNCIL AGENDA SYNOPSIS
Prepared by Mayor's review 1 Counczl
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RECORD OF COUNCIL ACTION
MTG. DATE= ATTACHMENTS
11/23/09 Informational Memorandum dated 11/12/09
Ordinance Levying General Taxes for 2010
Resolution Finding of Substantial Need
Ordinance Increasing the Tax Levy by 1%
Historical Levy Rates spreadsheet
Minutes of the 11/17/09 Finance and Safety Committee Meeting
ITEM INFORMATION
1 ORIGINAL AGENDA DA 1E..: NOVEMBER 23, 2009
ITEM No.
Coves
3.4 9-- 4.
AGENDA ITEM TITLE An ordinance setting the 2010 property tax levy amount, an ordinance setting the
2010 levy rate, and a resolution of finding of substantial need.
2,ATEGORY Discussion Motion Resolution Ordinance Bid Award Public Hearing Other
Mtg Date 11/23/09 Mtg Date 11/23/09 Mtg Date Mtg Date 11/23/09 Mtg Date
;PONSOR Council Mayor Adm Svcs DCD Finance Fire Legal P &R Police PW/
;PONSOR'S This agenda item includes an ordinance setting the amount of the 2010 property tax levy
iUMMARY change, an ordinance setting the 2010 property tax levy rate, and a resolution of finding of
substantial need as it relates to an increase in property taxes of 1 over the 2009
property tax levy.
The Council is being asked to approve the ordinances related to the 2010 property tax
levy. and adopt the resolution of findina of substantial need.
ZEVIEWED BY COW Mtg. CA &P Cmte F &S Cmte Transportation Cmte
Utilities Cmte Arts Comm. Parks Comm. Planning Comm.
DATE: 11/17/09
1ECOMMENDATIONS:
SPONSOR /ADMIN. Finance Department
COMMITTEE Unanimous approval; Forward to Committee of the Whole
COST IMPACT/ FUND_ SOURCE
AMOUNT BUDGETED
APPROPRIATION REQUIRED
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TO:
City of Tukwila
INFORMATIONAL MEMORANDUM
Mayor Haggerton
Rhonda Berry
Finance and Safety Committee
FROM: Shawn Hunstock, Finance Director
DATE: November 12, 2009
SUBJECT: 2010 Property Tax Levy
ISSUE
Jim Haggerton, Mayor
The Council must consider and pass a property tax levy for 2010 by November 30,
2009.
BACKGROUND
A Public Hearing for adoption of the 2010 property tax levy is required by RCW
84.55.120. The Hearing is scheduled for November 23, 2009. Adoption of the 2010
property tax levy is currently scheduled for the same evening at a Special Meeting of
the City Council.
DISCUSSION
The increase in levy rate for 2010 is limited by statute to the lesser of one percent or the
change in the Implicit Price Deflator (IPD). Because the IPD for property tax purposes is
0.85 the lesser of these two factors is a negative number. City Council may, upon a
finding of substantial need, levy the full one percent increase in accordance with RCW
84.55.0101. This will insure no decrease in the levy for 2010 due to the negative IPD.
Assessed value overall declined from $5,175,709,975 for the 2009 levy to
$4,964,257,830 for the 2010 levy. This decline of $211,452,145 represents a 4.26%
decrease in the 2010 assessed value.
The proposed levy rate for 2010 is $2.52 per $1,000 of assessed value. This is an
increase of $0.14676 per $1,000 of assessed value, or 6.18 For an average home of
$250,000 in value, the City portion of property taxes would be $630, an increase of
$36.69 over 2009. The City's portion of the overall total levy rate in 2009 was 21.98
If Council were to not pass the resolution of finding of substantial need, the levy limit
factor would be -0.85% of the 2009 levy rate. This would result in a levy rate of $2.47
per $1,000 of assessed value. The resulting decline in property tax revenue for the City
for 2010 would be approximately $250,000.
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INFORMATIONAL MEMO
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RECOMMENDATION
Council is being asked to approve the ordinance adopting the General Tax Levy, the
ordinance adopting the Regular Levy, and the resolution establishing a finding of
substantial need.
This item is scheduled to be discussed at the November 23, 2009 Committee of the
Whole meeting. A Public Hearing will also be held that evening, as well as a Special
Meeting for adoption of the 2010 levy.
ATTACHMENT
Regular Levy Ordinance in draft form
General Tax Levy Ordinance in draft form
Substantial Need Resolution in draft form
Historical Levy Rates spreadsheet
C:Itemp\XPg rpwiselI nfoMemo2010PropertyTaxLevy. doc
Christy O'Flaherty, CMC, City Clerk
W Word Processing Ordinances \General Tax Levy 2009.doc
SH:ksn 11/18/2009
;;—IM
City of Tukwila
Washington
Ordinance No.
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF TUKWILA,
WASHINGTON, LEVYING THE GENERAL TAXES FOR THE CITY OF
TUKWILA IN KING COUNTY FOR THE FISCAL YEAR COMMENCING
JANUARY 1, 2010, ON ALL PROPERTY, BOTH REAL AND PERSONAL, IN SAID
CITY, WHICH IS SUBJECT TO TAXATION FOR THE PURPOSE OF PAYING
SUFFICIENT REVENUE TO CARRY ON THE SERVICES OF THE SEVERAL
DEPARTMENTS OF SAID CITY FOR THE ENSUING YEAR, AS REQUIRED BY
LAW; PROVIDING FOR SEVERABILITY; AND ESTABLISHING AN EFFECTIVE
DATE.
WHEREAS, the City Council of the City of Tukwila has considered the City's anticipated
financial requirements for 2010 and the amounts necessary and available to be raised by ad
valorem taxes on real, personal and utility property; and
WHEREAS, the final assessed valuation calculation has been determined;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF TUKWILA,
WASHINGTON, HEREBY ORDAINS AS FOLLOWS:
Section 1. Regular 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 $4,965,087,948, current taxes
for the ensuing year commencing January 2010, in the amount and at the rates specified below.
Rate Amount
Regular Tax Levy $2.52 $12,500,000
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, 2010.
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. 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 4. 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, 2010.
PASSED BY THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, at a
Special Meeting thereof this day of 2009.
ATTEST /AUTHENTICATED:
Jim Haggerton, Mayor
Filed with the City Clerk:
APPROVED AS TO FORM BY: Passed by the City Council.
Published:
Effective Date:
Office of the City Attorney Ordinance Number:
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