HomeMy WebLinkAbout1994-068 ad valorem taxes - 4
ORDINANCE NO. ILLY
Y
AN ORDINANCE fixing and levying the amount of ad valorem taxes necessary to balance
• estimated revenue with estimated expenditures for the 1995 Budget for the
City of Yakima
WHEREAS, the City Council finds that the total net amount of $7,980,874 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 1995 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 $7,980,874 for the following
purposes.
General Government Levy
Operating Funds $6,293,412
Firemans' Relief & Pension Fund 757.462
Amount of tax levy for General
Government Purposes $7,050,874
Special Purpose Bond Levy
• 1986 Street Bonds 680,000
1988 Park Bonds 250.000
Amount of tax levy for General
Obligation Bond Interest & Redemption 930.000
Total Levy Amount $7,980,874
Section 2. The Clerk is directed to transmit a certified copy of this ordinance to the office
of the County Commissioners of Yakima County, Washington.
Section 3. 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 .\ day of
November, 1994
Q AZ
Mayor
ATTEST:
• City Clerk
Date \_L \\\
Publication � � -°
Effective Date \ \- - c\L\
ORDRES /G
r z.
10/20/94 2:14 PM
• City of Yakima
106% Tax EXHIBIT!
x Limitation Calculation
1993 TAX 1993 1994 TAX 1994
ASSESSED RATE LEVY ASSESSED RATE LEVY
VALUES APPLIED DOLLARS VALUES APPLIED DOLLARS
Prior Year $1,573,054 000 $3 6000 $5,662,994 $1,665,659.311 $3 6000 $5,996,374
106 00% 106.00%
Base 106% $6,002,774 $6,356,156
Valuation Increase $17,444 642 $234,350 000
New Construction $37,468 964 $3 6000 $134,888 $25,399 800 $3 6000 $91,439
State Assessed Value $0 000 $3 6000 $0 $3,887 964 $3 6000 $13,997
106% Tax Limit
Before Annexations $1,627,967 606 $3 6000 $6,137,662 $1,929,297 075 $3 3492 $6,461,592
Add for Annexation $37,691.967 $3 6000 $142,102 $11,484 996 $3.3492 $38,465
106% Limit for
Subsequent Years $1,665,659.573 $3 6000 $6,279,764 $1,940,782 071 $3.3492 $6,500,057
State of Washington
Constitutional Limit
• ssessed Valuation $1,665,659.573 $3 6000 $5,996,374 I $1,940,782 071 $3 6000 $6,986,815
1995 TAX 1995 1996 TAX 1996
ASSESSED RATE LEVY ASSESSED RATE LEVY
VALUES APPLIED DOLLARS VALUES APPLIED DOLLARS
Prior Year $1,940,782 112 $3 3492 $6,500,057 $2,072,577 048 $3.3779 $7,000,874
106 00% 106.00%
Base 106% $6,890,061 $7,420,927
Valuation Increase $98,719 357
New Construction $31,781 929 $3.3492 $106,444 $3 3779 $0
State Assessed Value $0 000 $3 3492 $0 $3 3779 $0
106% Tax Limit
Before Annexations $2,071,283.398 $3.3779 $6,996,505 $2,072,577 048 $3.5805 $7,420,927
Add for Annexation $1,293 650 $3.3779 $4,370 $1,432 840 $3.5805 $5,130
106% Limit for
Subsequent Years $2,072,577 048 $3 3779 $7,000,874 $2,074,009 888 $7,426,057
State of Washington
Constitutional Limit
Assessed Valuation $2,072,577 048 $3 6000 $7,461,277 I $2,074,009 888 $3 6000 $7,466,436 1
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