HomeMy WebLinkAbout1976-2002 AD VALOREM TAXES •
ORDINANCE NO.as-Ncya_
AN ORDINANCE fixing and levying the amount of ad valorem taxes neces-
sary to balance estimated revenue with estimated expendi-
ture for the 1977 Budget for the City of Yakima. •
WHEREAS, the City Council finds that the total net amount of
$2,703,952 in revenue must be raised by ad valoreM taxes on real and
personal property within the corporate limits of the City to balance
estimated revenues and expenditures for the 1977 budget for the City of
Yakima, now, therefore,„
BE IT ORDAINED BY THE CITY OF YAKIMA:
Section 1. There is hereby fixed to be raised by general property
taxes upon real and personal property within the City of Yakima the
III • amount'of $2,748,370 as reduced by Senior Citizen exemptions on special
and regular levies of $31,908, and annexed area exemptions on special
levies of $12,510, leaving a net tax revenue of $2,703,952, which
amount, when added to the estimated available revenues from all other
sources, will balance the estimated revenues with the estimated expen-
ditures for the 1977 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
$4.41967 on each thousand dollars of assessed valuation where the assess-
ment level is 100% of such property to provide tax revenues for the
following purpOses:
111 . .
•
Senior Annexed
Citizen Area
$ Levy Exemp- Exemp- Net Tax
Per $1,000 , Le tion tion Revenue
Total - General Purposes $3.600 $2,238,658 $18,913 $2,219,745
Special Levies:
.Library Bond Redemption ) 500
Street Bond Redemption ) 179,979
• Airport Bond Redemption ) 509,712 12,995 12,510 51,237
Park-Fire Bond Redemption) 252,491
Total - Special Levies .81967 509,712 12,995 12,510 484,207
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Total $ 4.41967 $ 2,748,370 $ 31,908 $ 12,510 $ 2,703,952
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
411 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 CityCharter.
PASSED BY THE CITY COUNCIL, signed and approved this ac,\I-\ day of
,.1976.
A .
AO!' Ate
Mayor
Aalmsr:
1
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City Clerk 0
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