HomeMy WebLinkAboutCOW 2005-11-28 Item 4H.2 - Ordinance - Increase Property Tax Levy by 1% for 2006 LA COUNCIL AGENDA SYNOPSIS
Initials ITEM No.
9 j ti 1, G) Meeting Date I Prepared by Mayors review Council review 1
11/28/05 RAB for KF A Lk-
7908
ITEM INFORMATION
CAS NUMBER: 05-157 (ORIGINAL AGENDA DATE: 11-28-05
AGENDA ITEM TITLE 2006 Property Tax Ordinances:
1) Setting the Regular Levy 2) Increasing the Regular Levy by 1.0 percent
CATEGORY Discussion Motion Resolution Ordinance Bzd Award Public Hearing Other
Mtg Date 11-28-05 Mtg Date Mtg Date Mtg Date 11-28-05 Mtg Date Mtg Date Aftg Date
SPONSOR Council Mayor Adrn Svcs DCD Finance Fire Legal P&R Police PTV
SPONSOR'S Pursuant to State statute, both proposed ordinances are required in order to receive
SUMMARY revenues in 2006. These must be adopted and submitted to King County no later than
December 2, 2005.
REVIEWED BY COW Mtg. CA &P Cmte F &S Cmte Transportation Cmte
Utilities Cmte Arts Comm. Parks Comm. Planning Comm.
DATE: 11 -21 -05 F S Cmte.; 11 -28 -05 COW SPE Mtgs.
RECOMMENDATIONS:
SPONSOR /ADMIN. Review and adopt two proposed ordinances (COW SPE Mtgs.) 11/28
COM MITIEE Same as sponsor.
COST IMPACT I -FUND SOURCE=
EXPENDITURE REQUIRED AMOUNT BUDGETED APPROPRIATION REQUIRED
Fund Source:
Comments
MTG.__DATE I RECORD OF_COUNCIL ACTION
11-28-05
MTG. DATE I ATTACHMENTS
11 -28 -05 Memo to Council from K. Fuhrer dated November 15, 2005 t
Memo from Larry Phillips dated October 14, 2005 1
Preliminary Levy Limit Worksheet 2006 Tax Roll
Ordinance Final Format establishing regular tax levy rate for 2006
Ordinance Final Format increasing tax levy rate commencing January 1, 2006
Draft minutes Finance Safety Committee meeting November 21, 2005
To:
Council Finance & Safety Committee
Kevin A. Fuhrer, Finance Director ~
From:
Date:
November 15,2005
Subject:
2006 Proposed Property Tax Levy
In preparation for our discuss,ion at the November 21, 2005 committee
meeting, I have attached a number of documents for your review related to
establishing the 2006 property tax levy.
Specifically, you will find correspondence from Larry Phillips, Chair of the
Metropolitan King County Council; a 2006 Preliminary Levy Limit
Worksheet prepared by the King County Assessor's Office; an Excel
spreadsheet that I prepared to develop an estimated levy value, and finally
(2) draft ordinances establishing the 2006 property tax levy.
As noted in Councilmember Phillip's correspondence, the deadline for
submitting our levy request to King County is December 2,2005. As has
been the case in past years, the County will not have-final propeliy
valuations prior to the cutoff date. Given the preliminary nature of the
valuations and consideration of the 1 % levy base growth constraint, I have
set the recommended levy amount slightly higher than the value I calculated
for the estimated allowable levy. We can discuss my rationalejn greater
detail at the meeting.
I look forward to seeing each of you at 5 p.m. on Monday, November 21.
LARRY PHILLIPS
Chair
Metropolitan King County Council
October 14, 2005
RE: Submission of District Property Tax Levies for- 2006 to the County Council
To the Board of Commissioners: \_
The County Council is required by RCW 84.52.070 to certify annually the amount
of property taxes levied in King County. In order to make this certification, we
must know the amount of taxes to be levied for each taxing district.
THE DEADLINE FOR SUBMITTING 2006 PROPERTY TAX LEVIES IS
DECEMBER 2, 2005
In order for your district to receive property taxes in an amount greater than that
received in 2005, if permitted by law, we must receive your resolution by
December 2, 2005. This applies to basic levies provided for by state law as well
as any excess levies approved by a vote of the people. Please remember that
the Assessor is required to review levy requests to ensure that they do not
exceed the allowable levy.
If you cannot finalize your levy request by December 2, please submit an
estimate. If your estimate is higher than the allowable levy, the _Assessor will
reduce the amount requested for your jurisdiction to an amount no greater than
the allowable levy. However, if your estimate is less than the allowable levy, the
amount requested can only be increased from the amount certified in your
ordinance or resolution to the level of the allowable levy with formal written
notification from your Board of Commissioners. This written notification must be
filed with the Assessor and the Clerk of the Council by December 6, 2005 for
inclusion in the certification ordinance.
Forms are enclosed for you to use in .submitting your levy request. Please submit
copies of the form and any resolution or ordinance that may be required by
RCW 84.55.120 to both the King County Council and the King County Assessor's
Office at the following addresses:
,B,
516 Third Ave, Room 1200, Seattle, WA 98104-3272
206-296-1004 TTYITDD 206-296-1024 Fax 206-296-0370
r::>rrv nhillin<::/IT)mptrnk" nn\f
Clerk's Office
Metropolitan King County Council
516 Third Avenue Room W-103~
Seattle, WA 98104
Fax: 206-205-81 65
Telephone: 206-296-1020
Hazel Newton
Accounting Division
King County Department of
Assessments
500 Fourth Ave. Room 709
Seattle, W A 98104
Fax: 206-296-0106
Telephone: 206-296-5145
The King County Council may pass an amendatory certification ordinance in
January 2006 in order to allow for technical adjustments in the final levy
amounts. However, discretionary increases in your levy may not be made in this
amendatory certification ordinance.
If you have any questions, please call the Assessor's Office at 296-5145 or 296-
5146.
Thank you for your cooperation.
c: Scott Noble, Assessor
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LE\f1f Lmr~9T \f.,gORKSH5[ST - 2006 T~1.t R@~u
TAXING DISTRICT: City of Tukwila
Thefollowing determination of your regular levy limitfor 2006 property taxes is provided by tile King COllnty
Assessor pursuant to RCW 84.55.100.
Annexed to Library District
Using Limit Factor
For District
10,725,881
1.0100
10,833,140
28,648,923
o
28,648,923
311712
89,302
10,922,442
(Note 1)
Estimated Library rate: 0 45891
Calculation of Limit Factor Levy
Levy basis for calculation. (2005 Statutory) (Note 2)
x Limit Factor
= Levy
l:ocal new construction
+ Increase in utility value (Note 3)
= Total new construction
x Last year's regular levy rate
= New construction levy
Total Limit Factor Levy
Using Implicit
Price Deflator
10,725,881
1.0254
10,998,318
28,648,923
o
28,648,923
3 11712
89,302
11,087,620
o
10,922,442
3,627,170,637
301128
o
o
Annexation Levy
Omitted assessment levy (Note 4)
Total Limit Factor Levy + new lid lifts - omits
+ Regular levy assessed value less annexations
= Annexation rate (cannot exceed statutory maximum rate)
x Annexation assessed value
= Annexation Levy
o
11,087,620
3,627,170,637
3 05682
o
o
o
10,922,442
10,922,442
42,932
10,965,374
10,965,374
__ 3 02312--,_
- 10,725,881
- '----=-107259 "
,
100%
Lid lifts, Refunds and Total
+ First year lid lifts
+ Limit Factor Levy
= Total RCW 84 55 levy
+ Relevy for prior year refunds (Note 5)
= Total RCW 8455 levy + refunds
ALLOWABLE LEVY (Note 6)
Increase Information (Note 7)
Levy rate based on allowable levy
) Last year's ACTUAL regular levy
Dollar increase over last year other than N/C - Annex
Percent increase over last year other than N/C - Annex
o
11,087,620
11,087,620
42,932
11,130,552
11,130,5521
3 06866
10,725,881
272,437
2.54%
Calculation of statutory levy
Regular levy assessed value (Note 8)
x Maximum statutory rate
= Maximum statutory levy
+ Omitted assessments levy
= Maximum statutory levy + omits
Limit factor needed for statutory levy
3,627,170,637
3 14109
11,393,269
o
11,393,269
Not usable
ALL YEARS SHOWN ON THIS FORlYf ARE THE YEARS IN WHICH THE TAX lS PAYABLE.
Please read carefully the notes on the reverse side.
lll02/05 8.34 AM
LevyLimitWS.doc
'-
2005 Actual Property Tax Levy $ 10,725,881
1 % Limitation (1-747) 1 01
Allowable Levy Prior to New
Construction and Increase in Utility
Values $ 10,833,140
New Construction & Estimated
. Increase in Utility Value $ 43,648,923
2005 Regular Levy Rate $ 3.11712
New Construction & Utility Levy $ 136,059
Total Estimated Allowable Levy $ 10,969,199
Total Estimated Levy Rate $ 3.02417
Recommended Levy Amount $ 11,000,000
Corresponding Levy Rate $ 3.03267
City of Tukwila
Washington
Ordinance No.
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
TUKWILA, WASHINGTON, INCREASING THE CITY OF TUKWILA
REGULAR LEVY FROM THE PREVIOUS YEAR, COMMENCING
JANUARY 1, 2006, ON ALL PROPERTY, BOTH REAL AND
PERSONAL, IN COMPLIANCE WITH RCW 84.55.120; PROVIDING
FOR SEVERABILITY; AND ESTABLISHING AN EFFECTIVE DATE.
WHEREAS, the City of Tukwila has properly given notice of the public hearings held
on November 21, 2005, to consider the City's current revenues and expenses budget for the
2006 calendar year, pursuant to RCW 84.55.120; and
WHEREAS, the City, after hearing and du1y considering all relevant evidence and
testimony presented, has determined that the City requires an increase in property tax
revenue from the previous year, in addition to the increase resu1ting from the addition of
new construction and improvements to property and any increase in the value of State-
assessed property, in order to discharge the expected expenses and obligations of the City;
and
WHEREAS, the City has determined that it is in its best interest and necessary to
meet its expenses and obligations for the property tax revenue to be increased for 2006, and
the final assessed valuation calcu1ation has been determined,
NOW, THEREFORE, THE CITY COUNCIL OF 'THE CITY OF TUKWlLA,
WASHINGTON, DO ORDAIN AS FOLLOWS:
Section 1. An increase in the regular property tax levy, in addition to any amount
resulting from the addition of new construction and improvements to property and any
increase in the value of state-assessed property, is hereby authorized for the 2006 levy in the
amount of $107,259, which is a percentage increase of 1.0 percent from the previous year
Section 2. 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 3. 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, 2006.
PASSED BY THE CITY COUNCIL OF TIIE CITY OF TUKWILA, WASHINGTON,
at a Special Meeting thereof this day of , 2005
AITFST / AUTHENTICATED'
Steven M. Mu1let, Mayor
Jane E. Cantu, CMC, City Clerk
APPROVED AS TO FORM BY.
Filed with the City Clerk:
Passed by the City Council.
Published.
Effective Date:
Ordinance Number
Office of the City Attorney
C:\Documents and SettingslAll Users\DesktoplKelly\.'vISDA TAIOrdinancesIRegular Tax teyydoc
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