HomeMy WebLinkAboutOrd 1448 - 1988 Property Tax Levy1449
ILA
1906
CITY O TU
WASHINGTON
ORDINANCE NO. L8
AN ORDINANCE 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, 1988, 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 SEVERAL DEPARTMENTS OF SAID CITY FOR
THE ENSUING YEAR AS REQUIRED BY LAW.
WHEREAS, the City Council of the City of Tukwila has considered the
City's anticipated financial requirements for 1988, and the amounts necessary
and available to be raised by ad valorem taxes on real, personal and utility
property,
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, DO
ORDAIN AS FOLLOWS:
Section 1. 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 $884,624,025.00, current taxes for the ensuing year
commencing January 1, 1988, in the amount of and at the rates specified below:
RATE AMOUNT
A. Regular tax levy: 2.996 2,650,652
B. Special tax levy: .164 145,000
(golf course bonds)
TOTAL 3.160 2,795,652
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, 1988.
Section 2. 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. This ordinance shall be published in the official newspaper
of the City, and shall take effect and be in full force five (5) days after the
date of publication.
PASSED BY THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, at a
regular meeting thereof this day of 1987.
APPROVED: 1
Gar an'Dusen, Mayor
APPRO ED AS TO FORM: ATTEST /AUTHENTICATED:
/L
Office of the C t� Att rney 'Maxi e Anderson, City Clerk
FILED WITH THE CITY CLERK:
PASSED BY THE CITY COUNCIL:
PUBLISHED VALLEY DAILY NEWS:
EFFECTIVE DATE: ,I-7 SST
ORDINANCE NUMBER /c,Lc/,F
(42 /ORD.PROPTX)
(AUTHORIZED SIGNATURE)
By Ordinance 2152 of the King County Council Junior
Taxing Districts are required annually to submit the
following information regarding their tax levies for
the ensuing year as part of a formal resolution of
the Board of Commissioners.
THE KING COUNTY ASSESSOR HAS NOTIFIED THE COMMISSIONERS OF Tu rw iL 4
THAT THE ASSESSED VALUATION OF PROPERTY LYING WITHIN
THE BOUNDARIES OF SAID DISTRICT FOR THE YEAR1987 IS
REGULAR (STATUTORY) LEVY (AS APPLICABLE):
EXPENSE FUND c2, 5 a.
RESERVE FUND
COUPON WARRANT FUND
OTHER (SPECIFY)
EXCESS (VOTER APPROVED) LEVY:
G.O. BOND FUND LEVY 145, no()
SPECIAL LEVIES (INDICATE PURPOSE AND
DATE OF ELECTION AT WHICH APPROVED):
TOTAL TAXES REQUESTED
THE ABOVE IS A TRUE AND COMPLETE LISTING OF LEVIES FOR SAID DISTRICT FOR THE
YEAR 1988 AND THEY ARE 'WITHIN THE MMIAXIMUMS ESTABLISHED BY LAW,
o:
The following calculations are offered as an aid in your determination of the dollar
limitation imposed by statute on the 1988 regular property levy for your district.
1985 Regular Levy
1986 Regular Levy
1987 Regular Levy
1987 Regular Levy Rate
x 106%
x
TAXING DISTRICT TLKWILA
2,121,756
2,567,061
7,859,300
3,969,440
11,828,740
2.76836
32,746
2,567,061
32,746
6,733
2,593,074
867,638,425
2.98866
16,985,600
2.98866
50,764
6,733
2,593,074
2,650,571
81
2,650,652
884,624,025
3.60000
3,184,646
6,733
3,191,379
2,004,245
2,225,789
2,421, 756
2.76836
106% LIMITATION CALCULATION (RCW 84.55.010
STATUTORY LEVY CALCULATION (RCW 84.52.043)
1987 Regular
1987 EXCESS INVENTORY
Less Refund Fund
Effective 1987 Levy(5)
Highest of three most recent year's levies (5)
106% Levy
Local New Construction
State Public Service New Construction (1)
Total New Construction
1987 Levy Rate
New Construction Levy
Annexation Assessed Value
1988 Levy Rate
Annexation Levy
2,650,652 Maximum 1988 Levy (2)
ALL YEARS INDICATED ABOVE ARE THE YEAR THE TAX IS PAYABLE
2,373,419
51,900
3,563
2,421,756
106% Levy
New Construction Levy
Omitted Assessment Levy (3)
Levy Ceiling (Less Annexations Omitted Assessments)
Assessed Value (Less Annexations Omitted Assessments)
1988 Levy Rate
Omitted Assessment Levy (3)
Levy Ceiling (Less Annexations Omitted Assessments)
Maximum 1988 Levy Based on 106% Limit (2)
Refund Fund (4)
Maximum 1988 Levy Based on 106% Limit (2) Refund Fund (4)
Assessed Value (Excluding Omits)
Maximum Statutory Rate
Maximum 1988 Levy (Excluding Omitted Assessment Levy)
Omitted Assessment Levy (3)
Maximum 1988 Levy Based on Statutory Levy (2)
(1) Increase in S.P.S. value considered as new construction.
(2) District is entitled to maximum levy determined by 106% calculation or maximum
statutory rate calculation, whichever is the lesser amount.
(3) An omitted assessment is property value that should have been included on a
prior years tax roll but, will be included on the current (1988) tax roll. Omits are
assessed and taxed at the rate in effect for the year omitted (RCW 84.40.080-
84.40.085). For the purpose of computing levy rates, the tax a district will
receive from omitted assessments is deducted from the current levy amount. Omits
will be billed based on the omitted years rate and included as a current years tax
receivable.
(4) RCW 84.69.020 type (administrative) refunds have been removed from the 106% levy
lid by the 1981 legislative session. (RCW 84.55.070)
(5) Regular property tax levy set at full amount allowed under RCW 84.55. (RCW 84.55.090)