HomeMy WebLinkAbout1974-1711 AD VALOREM TAXES. •
ORDINANCE NO. /71/
AN ORDINANCE fixing and levying the amount of ad valorem taxes
necessary to balance estimated revenue with estimated
expenditure for the 1975 Budget for the City of Yakima.
WHEREAS, pursuant to a report by the City Manager on the cur-
1,
rent status of estimated revenue and estimated expenditures for
the 1975 Budget for the City of Yakima, the City Council finds that
the total net amount of $2,080,405 in revenue must be raised by ad
valorem taxes on real and personal property within the corporate
limits of the City, which amount is not in excess of the amount
authorized by law to be raised from that source, now, therefore,
BE IT ORDAINED BY THE CITY OF YAKIMA:
Section 1. There is hereby fixed to be raised by general proper-
ty taxes upon real and personal property within the City of Yakima
the amount of $2,094,553 as reduced by Senior Citizen exemptions on
special levies of $14,148, leaving a net tax revenue of $2,080,405,
410 which amount, when added to the estimated available revenues from
all other sources, will balance the estimated revenues with the
estimated expenditures for the 1975 Budget for the City of Yakima.
Section 2. There is hereby levied upon all taxable property,
both real and personal, within the City of Yakima, Washington, a
total of $4.386 on each thousand dollars of assessed valuation where
the assessment level is 100% of such property to provide tax revenues
for the following purposes:
Senior Citizen Net Tax
$ Levy Exemption on Revenue
Per 1 000 Lev Special Levies
Total - General $3.600 $1,715,301 $1,715,301
Purposes
Special Tax Levies:
Library Bond
111 Redemption 21,742
Street Bond Redemption 113,185
Airport Bond " 38,263
Park-Fire Bond " 191,914
Total - Special
Levies .786 379,252 14,148 365,104
Total $4.386 $2,094,553 $14,148 $2,080,405
Section 3. The Clerk is directed to transmit a certified
copy of this ordinance to the office of the County Commissioners
of Yakima County, Washington.
Section 4. This ordinance is one required to be made by the
laws of the State of Washington and shall be in full force and
effect from and after its passage, approval and publication by
title as provided by the City Charter.
PASSED BY THE C TY COUNCIL, signed and approved this 2
day of ni" / , 1974.
Mayor
ATTEST:
# OF
Cit /Clerk
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