HomeMy WebLinkAbout1978-2215 AD VALOREM TAXES • •
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410 • • ORDINANCE NO. ?als
AN ORDINANCE fixing and levying the amount of ad valorem taxes
necessary to balance estimated revenue with estimated
expenditure, for the 1979 Budget for the City of Yakima.
410 WHEREAS, the City Council finds that the total net amount of
$3 in revenue must be raised by ad valorem taxes on real
and personal property within the corporate limits of the City of
Yakima to balance estimated revenues and expenditures for the 1979
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 amount of $3,087,380 as reduced,by Senior Citizen exemptions
on special and regular levies of $31,408, and annexed area exemptions
• on special levies of $15,655, leaving a net tax revenue of $3,040,317,
which amount, when added to the estimated available revenues from
all other sources, will balance the estimated revenues with the
estimated expenditures for the 1979 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 $4.185 on each thousand dollars of assessed valuation where
the assessment level ,it 100% of such property to provide tax revenues
for the following purposes: Senior. Annexed,
Citizen Area
$ Levy Exemp- Exemp- Net Tax
Per $1,000 Levy tion tion Revenue
Total--General Purposes $3.600 $2,655,811 $21,485 $2,634,326
Special Levies:
Street Bond Redemption ) 152,754
Airport Bond Redemption ) 46 126
431,569 9,923 15,655 207 : 111
Park-Fire Bond Redemption)
Total--Special Levies .585 431,569 9,923 15,655 405,991
Ilk- Total • 4.185 3,087.380 31,408 15,655 3,040,317
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,
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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.
Ilk
PASSED BY THE CITY COUNCIL, signed and approved this a day
of 0 , 1978.
// egispzidow.)
Mayor
ATTEST:
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C y Clerk/
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