HomeMy WebLinkAbout1980-2446 AD VALOREM TAXES 111
ORDINANCE NO. 47
AN ORDINANCE fixing and levying the amount cf ad valorem taxes nec-
essary to balance estimated revenue with estimated exr-
.penditure for the 1981 Budget for the City of .Yakima.
WHEREAS, the City Council finds that the total net amount of
$4,514,266 in revenue must be raised by ad valorem taxes on real and
personal property within the corporate limits of the City -cf Yakima to
balance estimated revenues and expenditures for the 1981 Budget for the
City of Yakima, now therefore,
BE IT ORDAINED BY THE CITY CF 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 $4,597,046 as.reduced by Senior Citizen exemptions on special
and regular levies of $70,098, and annexed area exerTtions on special
levies of $12,682, leaving a net •tax revenue of $4,514,266, 'which
amount, When added to the estimated available revenues from all other
sources, will balance the estimated revenues with the estimated expendi-
tures for the 1981 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
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410 $4.038 on each thousand dollars of assessed valuation Where theassesS7
ment level is 100% of such property to provide tax revenues for the
following puLposes:
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4 110
• 111
Senior Annexed
Citizen Area
$ Levy Exemp- Exemp- Net Tax
Per $1,000 Levy tion tion Revenue
Total -- General Purposes , $3.600 $4,098,422 $53,559 $4,044,863
Special Levies:
Street Bond Redemption ) 176,865
Airport bond Redemption ) 498,624 16,539 12,682 49,915
Park -Fire Bond Redemption) 242,623
Total -- Special Levies .438 498,624 16,539 12,682 469,403
Total $4.038 4,597,046 70,098 12,682 4,514,266
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 CITY COUNCIL, signed and approved this 3 day
of 1980.
• f Mayor
ATTEST:_
City Cle 40 �
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