HomeMy WebLinkAboutCOW 2003-11-24 Item 3G - Ordinances - 2004 Property Tax Levyq Initials
411.11 1%
2: I Meetin. Date I Prepared by I Mayor's review I Council review I
�S 01 11/24/03 I ARD 1 %vWv"- 1 Ed I
a 1 1 1 I
I 1 1 I
/%/a
CAS Number: 03-152
1 Agenda Item Title:
Original Sponsor:
Timeline:
Sponsor's Summary:
Recommendations:
Sponsor:
Committee:
Administration:
Cost Impact Of known):
Fund Source (if known):
1 Meeting Date 1
11/24/03
11/24/03
11/24/03
COUNCIL AGENDA SYNOPSIS
I I I
Original Agenda Date: 11/24/03
t5a
2004 Property Tax Ordinances
Council Admin.
X
Approve final Property Tax Ordinances by December 1, 2003
See attached Staff Report
Approve final ordinance on December 1, 2003
N/A
Same as sponsor
N/A
N/A
Action
Proposed Ordinance increasing levy from previous year.
Attached King County Assessor Worksheet
ITEM NO.
J
Meeting Date 1 Attachments
11/24/03 Finance Staff Report dated November 20, 2003
11/24/03 Proposed Ordinance levying general taxes for 2004
To: Mayor City Council
From: Alan R. Doerschel, Finance Director
Date: November 20, 2003
Subject: 2004 Property Tax Ordinances
The attached proposed property tax ordinances are required by the State
Legislature.
Q &C
The first ordinance sets the rate per thousand and the total amount that
can be assessed for 2004. This includes the 1% increase plus new
construction. The second ordinance allows the city to increase the tax
assessments by an amount greater than the previous year.
The assessed valuation for 2004 is less than the amount for 2003 by
approximately $79 million. This is a reflection of the recession and a
lowering of some commercial real estate values. However, residential
property valuation is holding steady or in some cases increasing. The
total impact is an increase of about 15 cents per thousand for Tukwila
taxpayers.
The final valuation will be available by Wednesday the 26TH of November.
We will make any necessary changes to these ordinances at that time
and prior to adoption on December 1, 2003.
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 $3,403,396,103, current taxes
for the ensuing year commencing January 2004, in the amount and at the rates specified below:
Rate Amount
Regular Tax Levy 3.05585 10,407,982
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 Levy 1120/03
DRMP T
Filed with the City Clerk:
Passed by the City Council:
Published:
Effective Date:
Ordinance Number:
Steven M. Mullet Mayor
DL3f
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, 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 imr. a .ents 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 $115,656, which is a peicentage increase of 1.14 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:
Jane E. Cantu, CMC, City Qerk
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:
Regular Tax Levy 11111/03
Steven M. Mullet, Mayor
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 Ring 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
19,264,685
0
19,264,685
2.91064
56,073
10,222,558
7,722
10,214,836
3,403,396,103
3.00137
0
0
11/19/03 4:15 PM
LevyLimitWS.doc
0
10,222,558
10,222,558
100,871
10,323,429
10,323,429
3.03100
10,135,382
31,103
0.31%
(Note 1) Estimated Library rate: 0.49109
Calculation of Limit Factor Lew
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
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
19,264,685
0
19,264,685
2.91064
56,073
10,307,111
7,722
10,299,389
3,403,396,103
3.02621
0
0
0
10,307,111
10,307,111
100,871
10,407,982
10,407,982
3.05565
10,135,382
115,656
1.14%
3,403,396,103
3.10891
10,580,852
7,722
10,588,574
Not usable
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.
11/19/03 4:15 PM
LevyLimitWS.doc