HomeMy WebLinkAboutOrd 2748 - 2025 Property Tax Levy Decreaseashington
rdinance No.
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
TUKWILA, WASHINGTON, RELATING TO PROPERTY
TAXES; DECREASING THE 2025 GENERAL PROPERTY
TAX LEVY FOR THE CITY OF TUKWILA REGULAR LEVY
FROM THE PREVIOUS YEAR, COMMENCING JANUARY 1,
2025, ON ALL PROPERTY, BOTH REAL AND PERSONAL,
IN COMPLIANCE WITH RCW 84.55.120; PRESERVING
FUTURE LEVY CAPACITY; PROVIDING FOR
SEVERABILITY; AND ESTABLISHING AN EFFECTIVE
DATE.
WHEREAS, the City of Tukwila has properly given notice of a public hearing held on
October 28, 2024, to consider the ad valorem tax levy for 2025 collections pursuant to RCW
84.55.120; and
WHEREAS, the King County Assessor provided a preliminary estimated assessed
value of taxable real property in the City of Tukwila of $9,561,329,345, which is subject
to adjustment for senior citizens exemptions as provided for in RCW 84.36.381 and for
omitted assessments as provided for in RCW 84.40.080; and
WHEREAS, under state law, a local government may not increase its property tax
collections by more than 1 % from the previous year or the change in Implicit Price Deflator
(IPD), whichever is less; and
WHEREAS, the IPD rate of inflation for property tax collections due in 2025 is 2.57%;
and
WHEREAS, the City Council desires to provide property tax relief to fulfill the
commitment made to voters upon annexation of the City into the Puget Sound Regional
Fire Authority; and
2024 Legislation: Regular Tax Levy Decrease
Version: 11/7/24
Staff: A. BeMiller
Page 1 of 3
WHEREAS, after such hearing and after duly considering all relevant evidence and
testimony presented, the City Council has determined that the City of Tukwila will reduce
property tax collections from the previous year's actual collections by $6,000,000, or
33.33%, which excludes any increase resulting from additions of new constructions and
improvements to property, any increase in the value of state -assessed property, and
amounts authorized by law as a result of any annexations that have occurred and refunds
made, in order to discharge the expected expenses and obligations of the City in its best
interest; and
WHEREAS, the City Council desires to protect the City's future levy capacity pursuant
to RCW 84.55,092, calculated in future years as though the maximum lawful levy amount
allowed by state law had been levied; and
WHEREAS, the City is required to certify the general property tax levy amount to be
raised by taxation on assessed valuation with the clerk of the county legislative authority
by November 30, 2024;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF TUKWILA,
WASHINGTON, HEREBY ORDAINS AS FOLLOWS:
Section 1. The annual amount of general property tax levy necessary to raise the
amount of revenues required by the City of Tukwila for expenditure during calendar year
2025 is hereby levied upon all real and personal property subject to taxation in the City of
Tukwila as set forth in the table below.
Est. Assessed Value (AV) for collections in 2025
9,650,575,457
2024 Actual Collections
17,999,227
2025 Budgeted Collections
11,999,227
Dollar ($) Decrease from 2024 Collections
(6,000,000)
Percent Decrease from 2024 Collections
(33,33476°/0)
Est. Levy Rate per $1,000 AV for 2025 Collections
$1.24337
Section 2. The estimated general property tax levy amount set forth in Section 1 is
hereby levied upon all real and personal property in accordance with certified assessed
values and completed tax rolls of the City of Tukwila for collection in 2025. That estimated
general property tax levy amount is intended:
(a) to include a 33.33476% decrease from the City's 2024 actual regular levy amount
of $17,999,227;
(b) to include any additional amounts allowed under (i) the new construction,
improvements to property and state -assessed property provisions of RCW
84.55.010 and (ii) as provided pursuant to RCW 84.55.070, the refund provisions
of chapters 84.68 and 84.69 RCW; and
2024 Legislation: Regular Tax Levy Decrease
Version: 11/7/24
Staff: A. BeMiller
Page 2 of 3
Upon certification of property values for 2025 collections, the Assessor shall adjust and
finalize the levy rate per $1,000 of Assessed Valuation to meet the revenues as provided in
Sections 1 and 2 above.
Section 3. Any unused general property tax levy capacity for the 2025 tax year is
reserved for future levy as provided by RCW 84.55.092, calculated in future years as though
the maximum lawful levy amount allowed by state law had been levied.
Section 4. 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 5. 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 6. Effective Date. This ordinance or a summary thereof shall be published
in the official newspaper of the City and shall be in full force and effect on January 1,
2025.
PASSED BY THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, at
a Regular Meeting thereof this i8 day of iNto\icortItec , 2024.
ATTEST/AUTHENTICATED:
Andy Youn, CMC, City Cterk
APPROVED AS TO FORM BY:
Office of the City Attorney
2024 Legislation: Regular Tax Levy Decrease
Version: 11/7/24
TIN
Thomas McLeod, Mayor
Filed with the City Clerk: t - 0-4
Passed by the City Council: \,k- '?3
Published: t t - 42k - ;2*
Effective Date:
Ordinance Number:
Staff: A. BeMiller
Page 3 of 3
City of Tukwila Public Notice of Ordinance Adoption for Ordinances 2747-2748.
On November 18, 2024, the City Council of the City of Tukwila, Washington, adopted the
following ordinances, the main points of which are summarized by title as follows:
ORDINANCE 2747: AN ORDINANCE OFTHE CITY COUNCIL OFTHE CITY OFTUKWILA,
WASHINGTON, LEVYING THE GENERAL TAXES FOR THE CITY OF TUKWILA IN KING
COUNTY FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2025, ON ALL PROPERTY,
BOTH REAL AND PERSONAL, IN SAID CITY, THAT 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, WITH AN EXCESS
PROPERTY TAX LEVY FOR THE PURPOSE OF PAYING DEBT SERVICE ON THE CITY'S
UNLIMITED TAX GENERAL OBLIGATION BONDS ISSUED IN 2016 AND 2019, AS REQUIRED
BY LAW; PROVIDING FOR SEVERABILITY; AND ESTABLISHING AN EFFECTIVE DATE.
ORDINANCE 2748: AN ORDINANCE OFTHE CITY COUNCIL OFTHE CITY OFTUKWILA,
WASHINGTON, RELATING TO PROPERTY TAXES; DECREASING THE 2025 GENERAL
PROPERTY TAX LEVY FOR THE CITY OFTUKWILA REGULAR LEVY FROM THE PREVIOUS
YEAR, COMMENCING JANUARY 1, 2025, ON ALL PROPERTY, BOTH REAL AND PERSONAL,
IN COMPLIANCE WITH RCW 84.55.120; PRESERVING FUTURE LEVY CAPACITY;
PROVIDING FOR SEVERABILITY; AND ESTABLISHING AN EFFECTIVE DATE.
The full text of these ordinances will be provided upon request.
AndyYoun, Records Governance Manager/City Clerk
Published Seattle Times: November 21, 2024