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HomeMy WebLinkAboutReg 2003-12-01 Item 5C - Ordinances - 2004 Property Tax LevyCAS Number: 03-152 1 Agenda Item Title: Original Sponsor: I Timeline: Sponsor's Summary: Recommendations: Sponsor: Committee: N/A Administration. Same as sponsor Cost Impact (if known): Fund Source (if known): Meeting .Date 11/24/03 11/24/03 11/24/03 11/24/03 12/1/03 COZ IVCIL AGENDA ST TOPSIS Meeting Date 11/24/03 N/A N/A Initials--- Prepared by 1 Mayor's review 1 Councit review 1 1 sww•- 1 (B!L• 1 ARD r r reI r 3 r,. 2004 Pronerty Tax Ordinances Council Admin. Original Agenda Date: 11/24/03 Approve final ordinance on December 1, 2003 X Approve final Property Tax Ordinances by December 1, 2003 See attached Staff Report Meeting Date 1 11/24/03 Consensus existed to forward item Attachments Finance Staff Report dated November 20, 2003 Proposed Ordinance levying general taxes for 2004 Proposed Ordinance increasing levy from previous year. Attached King County Assessor Worksheet Memo. from A. Doerschel dated 11 -26 -03 Preliminary Levy Limit Worksheet 2004 Tax Roll Ordinance levying general taxes for 2004 (final format) Ordinance increasing levy from previous year (final formal ITEM No. 5, C ������������i, Action to the December 1 Regular Meeting. To: Mayor 86 City Council From: Alan R. Doerschel a" R O Date: November 26, 2003 Subject: Property Tax Ordinances The new King County Assessor Worksheets have increased the assessed valuation in Tukwila to $85,118,486. This will add approximately $200,000 in additional revenue for 2004. The revised proposed ordinances reflect the additional calculations. It should be pointed out that the requested amount of $10,600,000 is higher than the revised budgeted amount of $10,330,000. There will be a final calculation in January by the Assessor and there will always be non collectible amounts each year, which account for the difference. PRELIMINARY LEVY LIMIT WORKSHEET 2004 Tax Roll TAXING DISTRICT: City of Tukwila The following determination of your regular levy limit for 2004 property taxes is provided by the King County Assessor pursuant to RCW 84.55.100. Annexed to Library District Using Limit Factor For District 10,065,827 1.0100 10,166,485 85,118,486 0 85,118,486 2.91064 247,749 10,414,234 7,722 10,406,512 3,468,501,603 3.00029 0 0 0 10,414,234 10,414,234 100,871 10,515,105 10.515,105 3.02937 10,135,382 31,103 0.31% 11/24/03 9:22 AM LevyLimitWS.doc (Note 1) Estimated Library rate: Calculation of Limit Factor Levy Levy basis for calculation: (2003 Limit Factor) (Note 2) x Limit Factor Levy Local 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 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 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 84.55 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 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 0.49108 ALL YEARS SHOWN ON THIS FORM ARE THE YEARS IN WHICH THE TAX IS PAYABLE. Please read carefully the notes on the reverse side. Using Implicit Price Deflator 10,065,827 1.0184 10,251,038 85,118,486 0 85,118,486 2.91064 247,749 10,498,787 7,722 10,491,065 3,468,501,603 3.02467 0 0 0 10,498,787 10,498,787 100,871 10,599,658 10,599.658 I 3.05375 10,135,382 115,656 1.14% 3,468,501,603 3.10892 10,783,294 7,722 10,791,016 0.0374 Notes: 1) Rates for fire districts and the library district are estimated at the time this worksheet is produced. Fire district and library district rates affect the maximum allowable rate for cities annexed to them. These rates will change, mainly in response to the actual levy requests from the fire and library districts. Hence, affected cities may have a higher or lower allowable levy rate than is shown here when final levy rates are calculated. 2) This figure shows the maximum allowable levy, which may differ from any actual prior levy if a district has levied less than its maximum in prior years. The maximum allowable levy excludes any allowable refund levy if the maximum was based on a limit factor. The maximum allowable levy excludes omitted assessments if the maximum was determined by your district's statutory rate limit. If your district passed a limit factor ordinance in the year indicated, that limit factor would help determine the highest allowable levy. However, if the statutory rate limit was more restrictive than your stated limit factor, the statutory rate limit is controlling. 3) Any increase in value in state assessed property is considered to be new construction value for purposes of calculating the respective limits. State assessed property is property belonging to inter -county utility and transportation companies (telephone, railroad, airline companies and the like). 4) An omitted assessment is property value that should have been included on a prior year's roll but will be included on the tax roll for which this worksheet has been prepared. Omits are assessed and taxed at the rate in effect for the year omitted (RCW 84.40.080 -085). Omitted assessments tax is deducted from the levy maximum before calculating the levy rate for current assessments and added back in as a current year's receivable. 5) Administrative refunds under RCW 84.69.020 were removed from the levy lid by the 1981 legislature. 6) A district is entitled to the lesser of the maximum levies determined by application of the limit under RCW 84.55 and the statutory rate limit. Levies may be subject to further proration if aggregate rate limits set in Article VII of the state constitution and in RCW 84.52.043 are exceeded. 7) This section is provided for your information, and to assist in preparing any Increase Ordinance that may be required by RCW 84.55.120. The increase information compares the allowable levy for the next tax year with your ACTUAL levy being collected this year. The actual levy excludes any refund levy and expired temporary lid lifts, if applicable. New construction, annexation and refund levies, as well as temporary lid lifts in their initial year, are subtracted from this year's allowable levy before the comparison is made. 8) Assessed valuations shown are subject to change from error corrections and appeal board decisions recorded between the date of this worksheet and final levy rate determination. 11/24/03 9:22 AM LevyLimitWS.doc 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, 2004, 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 2004 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, DO ORDAIN 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 $3,468,501,603, current taxes for the ensuing year commencing January 2004, in the amount and at the rates specified below: Rate Amount Regular Tax Levy 3.02937 10,600,000 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, 2004. 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 nonchartered 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 five (5) days after passage and publication as provided by law. PASSED BY THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, at a Regular Meeting thereof this day of 2003. ATTEST /AUTHENTICATED: Jane E. Cantu, CMC, City Clerk APPROVED AS TO FORM BY Office of the City Attorney General Tax lavy 11/16/03 City of Tukwila Washington Ordinance No. Steven M. Mullet, Mayor Filed with the City Clerk: Passed by the City Council: Published: Effective Date: Ordinance Number: AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF TUICWILA, WASHINGTON, INCREASING THE QTY OF TUICWILA REGULAR LEVY FROM THE PREVIOUS YEAR, COMMENCING JANUARY 1, 2004, 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 17, 2003, to consider the City's current revenues and expenses budget for the 2004 calendar year, pursuant to RCW 84.55.120; and WHEREAS, the City, after hearing and duly 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 resulting 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 2004, and the final assessed valuation calculation has been determined; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF TUKWILA, 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 2004 levy in the amount of $31,103, which is a percentage increase of .31 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 five (5) days after passage and publication as provided by law. PASSED BY THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, at a Regular Meeting thereof this day of 2003. ATTEST /AUTHENTICATED: Steven M. Mullet, 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: Jane E. Cantu, CMC, City Clerk Regular Tax Levy 11/26/03 City of Tukwila Washington Ordinance No. By Ordinance 2152 of the King County Council, Taxing Districts are required annually to submit the following information regarding their tax levies for the ensuing year as cart of a formal resolution of the District's governing body. THE KING COUNTY ASSESSOR HAS NOTIFIED THE GOVERNING BODY OF Ct4v of Totw' ha THAT THE ASSESSED VALUATION OF PROPERTY LYING WITHIN THE BOUNDARIES OF SAID DISTRICT FOR THE ASSESSMENT YEAR 20031S: REGULAR (STATUTORY) LEVY (AS APPLICABLE): EXPENSE FUND -TEMP. LID NAME TEMP. LID NAME TEMP. LID NAME RESERVE FUND OTHER (SPECIFY) OTHER (SPECIFY) EXCESS (VOTER APPROVED) LEVY: (Please list authorized bond levies separately.) G.O. BONDS FUND LEVY G.O. BONDS FUND LEVY G.O. BONDS FUND LEVY SPECIAL LEVIES (INDICATE PURPOSE AND DATE OF ELECTION AT WHICH APPROVED): TOTAL TAXES REQUESTED: so I ho', I ID roan lf(7 1 to, coo fl THE ABOVE IS A TRUE AND COMPLETE LISTING OF LEVIES FOR SAID DISTRICT FOR TAX YEAR 2004 AND THEY ARE WITHIN THE MAXIMUMS ESTABLISHED BY LAW. (AUTHORIZED SIGNATURE) (DATE)