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Home My WebLink AboutOrd 2775 - 2026 Property Tax LevyCity of Tukwila Washington ,.. Ordinance No. 1 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, RELATING TO PROPERTY TAXES; FIXING THE 2026 GENERAL PROPERTY TAX LEVY FOR THE CITY OF TUKWILA REGULAR LEVY, COMMENCING JANUARY 1, 2026, 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 20, 2025, to consider the ad valorem tax levy for 2026 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 $9,827,593,190, 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 IPD (Implicit Price Deflator), whichever is less; and WHEREAS, the IPD rate of inflation for property tax collections due in 2026 is 2.44%; and 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 increase property tax collections from the previous year's actual collections by $460,677, or 3.84%, which excludes any increase resulting from additions of new constructions and improvements to property, any increase in the value of state -assessed property, and amounts authorized by law as a result of any annexations that have occurred and refunds 2025 Legislation: 2026 Regular Tax Levy Version: 11/6/25 Staff: A. BeMiller Page 1 of 3 made, in order to discharge the expected expenses and obligations of the City in its best interest; and WHEREAS, the City Council desires to protect the City's future levy capacity pursuant to RCW 84.55.092, calculated in future years as though the maximum lawful levy amount allowed by state law had been levied; and WHEREAS, the City is required to certify the amount to be raised by taxation on assessed valuation with the clerk of the county legislative authority by November 30, 2025; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, HEREBY ORDAINS AS FOLLOWS: Section 1. General 2026 Property Tax Levy Authorized. The annual amount of general property tax levy necessary to raise the amount of revenues required by City of Tukwila for expenditure during calendar year 2026 is hereby levied upon all real and personal property subject to taxation in the City of Tukwila as set forth in the table below. Est. Assessed Value (AV) for collections in 2026 2026 Highest Lawful Collections 2026 Budgeted Collections Dollar ($) Decrease from 2026 Highest Lawful Collections % Decrease from 2026 Highest Lawful Collections Est. Levy Rate per $1,000 AV for 2026 Collections $ Increase over 2025 Collections % Increase over 2025 Collections 9,827,593,190 18,459,905 12,459,905 (6,000,000) -32.50288% 1.26785 460,677 0.03839 Section 2. The 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 2026. That estimated property tax levy amount is intended: (a) to include 67.49712% of the City's 2026 highest lawful levy amount of $18,459,905; (b) to include any additional amounts allowed under (i) the new construction, improvements to property and state-assed property provisions of RCW 84.55.010 and (ii) as provided pursuant to RCW 84.55.070, the refund provisions of Chapter 84.68 and 84.69 RCW, and Upon certification of property values for 2026 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. 2025 Legislation: 2026 Regular Tax Levy Version: 11/6/25 Staff: A. BeMiller Page 2 of 3 Section 3. Any unused general property levy capacity for the 2026 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 take effect and be in full force on January 1, 2026. PASSED BY THE CITY COUNCIL OF THE CITY_ OF TUKWILA, WASHINGTON, at a Special Meeting thereof this /0K- day of over4av►' , 2025. ATTEST/AUTHENTICATED: Armen Papyan, Mayor Pro Tempore Andy Youn-Barnett, CMC, City Clerk The s`NlcLcod, Mayor APPROVED AS TO FORM BY: Office of the City Attorney 2025 Legislation: 2026 Regular Tax Levy Version: 11/6/25 Staff: A. BeMiller Filed with the City Clerk: it- 2.6-2.i Passed by the City Council: Published:_____ t _IQ_y5- Effective Date: - S'ecp on Ordinance Number: .111- Page 3 of 3 City of Tukwila Public Notice of Ordinance Adoption for Ordinance 2772-2775, On November 10, 2025, the City Council of the City of Tukwila, Washington, adopted the following ordinance, the main points of which are summarized by title as follows:. ORDINANCE 2772: AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, AMENDING ORDINANCE NO, 2749, WHICH ADOPTED THE CITY OF TUKWILA'S IENNIAL BUDGET FOR THE 2025-2026 BIENNIUM, TO ADOPT AN AMENDED YEAR-END BUDGET; PROVIDING FOR SEVERABILITY, AND ESTALISHIING AN EFFECTIVE DATE„ ORDNANCE 2773: AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTONI, AMENDING ORDINANCE NOS, 2749 AND 2772, WHICH ADOPTED AND AMIENiDIED THE CITY OF TUKWI 'S BIENNIAL BUDGET FOR THE. 2025-2026 BIENNIUM, TO ADOPT AN AMENDED MID -BIENNIUM BUDGET; PROVIDING FOR SEVERABILITY; AND ESTABLISHING AN EFFECTIVE DATE, ORDINANCE 2774: AN ORDINANCE OF THE CITY OF TUKWILA, WASHINGTON, SETTING THE VOTER APPROVED EXCESS BOND LEVY AMOUNT FOR BUDGET YEAR 2026 FOR THE PURPOSE OF PAYING DEBT SERVICE ON THE CITY'S UNLIMITED TAX GENERAL OBLIGATION + ONDS ISSUED IN 2016 AND 2019 TO IMPLEMENT THE CITY'S PUBLIC SAFETY PLAN, AS REQUIRED Y LAW, PROVIDING FO"' CORRECTIONS AND SEVERABILITY; AND ESTABLISHING AN EFFECTIVE DATE, ORDINANCE 2775: AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINIGTON, RELATING TO PROPERTY TAXES„ FIXING THE 2026 GENERAL ' ROPERTY TAX LEVY FOR THE CITY OF TUKWILA REGULAR LEVY, COMMENCING JANUARY 1, 2026, ON ALL PROPERTY, BOTH REAL AND PERSONAL, IN COMPLIANCE PLIANCE WITH ROW 64,55,126 PRESERVING FUTURE LEVY CA ACM; PROVIDING FOR SEVERABILITY; AND ESTABLISHING AN EFFECTIVE DATE The full text of these ordinances will be provided upon request. Andy Youn-Barnett, City Clerk Published Seattle Times. November 1 6„ 2025