HomeMy WebLinkAbout2023-041 Ordinance pertaining to Ad Valorem Taxes to be levied for collection in Fiscal Year 2024 ORDINANCE B
ORDINANCE NO. 2023-041
AN ORDINANCE fixing and levying the amount of ad valorem taxes necessary to discharge
the expected expenses and obligations for the 2024 Budget for the City of
Yakima.
WHEREAS, the City Council finds that the total net amount of $21,848,988 in revenue
must be raised by ad valorem taxes on real and personal property within the corporate limits of
the City of Yakima to discharge the expected expenses and obligations for the 2024 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$21,848,988 for the following purposes:
General Government Levy
Operating Funds $21,098,988
Firemen's Relief & Pension Fund 750,000
Amount of tax levy for General
Government Purposes (1) $21,848,988
Special Purpose Tax Levy 0
Total Levy Amount (1) $21,848,988
(1) Includes an additional $100,000 to provide for final adjustments in State
assessed, refunds, new construction, and annexation values.)
Section 2. The City Clerk is directed to transmit and file a certified copy of this
ordinance with the Board of Yakima County Commissioners and the Yakima County Assessor on
or before November 17, 2023.
Section 3. Pursuant to Article VI, Section 2 of the Yakima City Charter, this ordinance
shall take effect on November 7, 2023.
PASSED BY THE CITY COUNCIL, signed and approved this 7th day of November, 2023.
ATTEST: ';c2r.1,4 h C'r%Janice Cie io, Mayor
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Rosalinda Ibarra, City Clerk �I��I�\sHiNG�o'
Publication Date: November 10, 2023
Effective Date: November 7, 2023
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BUSINESS OF THE CITY COUNCIL
YAKIMA, WASHINGTON
AGENDA STATEMENT
Item No. 9.
For Meeting of: November 7, 2023
ITEM TITLE: Public hearing and Ordinances pertaining to Ad Valorem Taxes to
be levied for collection in Fiscal Year 2024
SUBMITTED BY: *Rosylen Oglesby,Assistant City Manager
SUMMARY EXPLANATION:
This agenda item includes two (2) separate Ordinances.
Ordinance A identifies Council's intent to authorize an increase in the tax levy over 2023 levels.
It is required by RCW 84.55.120. This is legally necessary to increase the 2024 tax collections
by any amount over 2023 levels.
Ordinance B fixes the maximum tax levy for collection by the City in 2024. This Ordinance
complies with RCW 35.33.135 and in accordance with Article VI I, Section 2 of the City Charter,
requires a super-majority approval (i.e. a minimum affirmative vote of five members) by City
Council.
There shall be a short presentation by the City's Bond Counsel, Deanna Gregory, before the
public hearing is opened.
ITEM BUDGETED: Yes
STRATEGIC PRIORITY: Public Trust and Accountability
APPROVED FOR SUBMITTAL BY THE CITY MANAGER
RECOMMENDATION:
Pass Ordinances.
ATTACHMENTS:
Description Upload Date Type
2
d Ordinance A property tax levy 11/2/2023 Ordinance
d Ordinance B ad valorem taxes 11/2/2023 Ordinance
❑ Memo Property Tax Levy 11/1/2023 Corer Memo
d Memo Ad Valorem 11/1/2023 Coker Memo
❑ Exhibit I 11/2/2023 Exhibit
d Exhibit II 10/23/2023 Exhibit
d Exhibit III 10/23/2023 Exhibit
❑ Power Point Presentation 10/27/2023 Presentation
3
ORDINANCE A
ORDINANCE NO. 2023-
AN ORDINANCE relating to the annual property tax levy; declaring the City Council's intent
to increase the City's 2024 regular levy up to 101% along with new
construction, annexation, refunds and growth in state-assessed property
values from the amount levied the previous year.
WHEREAS, RCW 84.55.120 requires a taxing district that collects regular levies to hold a
public hearing on revenue sources for the district's following year's current expense budget,
including consideration of possible increases in property tax revenues; and
WHEREAS, pursuant to RCW 84.55.120 and the City Charter, on November 7, 2023,
upon due and proper legal notice, the Yakima City Council held a public hearing to consider the
City's general government revenue sources for the 2024 current expense budget, and the total
proposed property tax levy amount pertaining to 2024 revenues from real and personal property
taxes; and
WHEREAS, RCW 84.55.120 provides that no increase in property tax revenue, other than
that resulting from the addition of new construction, improvements to property, and any increase
in the value of state-assessed property, may be authorized by a taxing district, except by adoption
of a separate ordinance or resolution, pursuant to notice, specifically authorizing the increase in
terms of both dollars and percentage; and
WHEREAS, RCW 84.55.005 sets the limit factor for the increase in the regular property
tax levy at the lesser of one hundred one percent or one hundred percent plus inflation, which is
defined as the percentage change in the implicit price deflator (IPD) for personal consumption
expenditures for the United States as published for the most recent twelve-month period by the
bureau of economic analysis of the federal department of commerce by September 25th of the
year before the taxes are payable; and
WHEREAS, the applicable percentage change in the Implicit Price Deflator was 3.67%;
and
WHEREAS, RCW 84.55.0101 allows a taxing district to use a limit factor of one hundred
one percent upon a finding of substantial need by the legislative authority by a majority vote; and
WHEREAS, the City Council, after the public hearing on November 7, 2023 and, and after
duly considering all relevant evidence and testimony presented, has determined that the City
requires an increase in property tax revenue from the previous year, along with the addition of
new construction and improvements to property and any increase in the value of state-assessed
property, in order to discharge the expected expenses and obligations of the City, and as being
necessary and in the best interests of the citizens of the City of Yakima; and
4
ORDINANCE A
WHEREAS, the maximum levy rate the City of Yakima can levy is $3.10/$1,000 assessed
valuation (AV) plus $0.225/$1,000 AV specifically for Firemen's Relief and Pension Fund and will
not change as a result of this ordinance; and
WHEREAS, property tax is a tax based on ownership of a piece of real estate. A "levied
property tax" is generally a tax imposed on property owners, based on the value of their property
and the municipal government's needs; and
WHEREAS, the city levy rate has decreased from $3.10/$1,000 AV to $2.07/$1,000 AV in
2023 and staff is projecting the levy rate for 2024 to be $1.85/$1,000 AV; and
WHEREAS, in order to bring the current levy rate to the maximum allowed, a levy lid lift is
required and the City of Yakima residents will need to approve such ballot measure; and
WHEREAS, the amount of property tax levied for collection in 2023 was $21,207,174.38
for general government purposes; and
WHEREAS, the discretionary increase in property tax levied attributable to the inflation
factor for collection in 2024 shall be in the amount of$212,071.74, which is a percentage increase
of 1.0% from the previous year; and
WHEREAS, the non-discretionary increases in property tax levied for collection in 2024
can only be estimated due to the absence of final values to be provided by the Yakima County
Assessor, now, therefore,
BE IT ORDAINED BY THE CITY OF YAKIMA:
Section 1. The following increases in the regular property tax levy, over the amount of
the previous year's levy, are hereby authorized to be cumulatively levied for collection in 2024:
A. A discretionary increase of $212,071.74, attributable to the inflation factor
which is a percentage increase of 1.0% over the amount levied for
collection in 2023; plus
B. An estimated increase of$793.39 for recent annexations; plus
C. An estimated increase of$290,305.26 for new construction and
improvements to property; plus
D. An estimated increase of$38,643.08 for a refund levy; plus
E. An increase authorized by state law for state-assessed property values.
Section 2. The City Clerk is directed to transmit and file a certified copy of this ordinance
with the Board of Yakima County Commissioners and the Yakima County Assessor on or before
November 17, 2023.
Section 3. Pursuant to Article VI, Section 2 of the Yakima City Charter, this ordinance
shall take effect on November 7, 2023.
5
ORDINANCE A
PASSED BY THE CITY COUNCIL, signed and approved this 7th day of November, 2023.
ATTEST: Janice Deccio, Mayor
Rosalinda Ibarra, City Clerk
Publication Date: November 10, 2023
Effective Date: November 7, 2023
6
ORDINANCE B
ORDINANCE NO. 2023-
AN ORDINANCE fixing and levying the amount of ad valorem taxes necessary to discharge
the expected expenses and obligations for the 2024 Budget for the City of
Yakima.
WHEREAS, the City Council finds that the total net amount of $21,848,988 in revenue
must be raised by ad valorem taxes on real and personal property within the corporate limits of
the City of Yakima to discharge the expected expenses and obligations for the 2024 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$21,848,988 for the following purposes:
General Government Levy
Operating Funds $21,098,988
Firemen's Relief& Pension Fund 750,000
Amount of tax levy for General
Government Purposes (1) $21,848,988
Special Purpose Tax Levy 0
Total Levy Amount (1) $21,848,988
(1) Includes an additional $100,000 to provide for final adjustments in State
assessed, refunds, new construction, and annexation values.)
Section 2. The City Clerk is directed to transmit and file a certified copy of this
ordinance with the Board of Yakima County Commissioners and the Yakima County Assessor on
or before November 17, 2023.
Section 3. Pursuant to Article VI, Section 2 of the Yakima City Charter, this ordinance
shall take effect on November 7, 2023.
PASSED BY THE CITY COUNCIL, signed and approved this 7th day of November, 2023.
ATTEST: Janice Deccio, Mayor
Rosalinda Ibarra, City Clerk
Publication Date: November 10, 2023
Effective Date: November 7, 2023
7
r,-,,. vim, City of Yakima Finance and Budget
129 North 2nd Street
• I�.>r 3'
i1�J Yakima, WA 98901
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; • :_: (509) 575-6070
www.yakimawa.clov
TO: The Honorable Mayor and Member of City Council
Bob Harrison, City Manager
FROM: Rosylen Oglesby, Assistant City Manager/ Director of Finance & Budget
Kimberly Domine, Finance Division Manager
DATE: 11/07/2023
11/21/2023
SUBJECT: Property Tax Levy for 2024
Key Points
• Property taxes make up the largest, single revenue source available to support essential
City services.
• State law allows the City to annually increase the property tax levy by no more than 1%
or the rate of inflation calculated by the Implicit Price Deflator (IPD), whichever amount
is less, for the City's General Fund property tax levy.
• The IPD rate for 2024 levy calculations is 3.67 percent.
• There is an inverse relationship between the levy rate and the allowed annual revenue
increase. To the extent the assessed valuation of the City is increasing, the underlying
rate will likely decrease per $1,000 in assessed valuation.
• The 2024 budget forecasted that 2024 property taxes would increase by 1.0 percent.
Strateaic Plan Alianment
The recommended 2024 mid-biennial budget, which is substantially supported by the
property tax levy, will advance multiple Strategic Plan goals and objectives.
Present Situation
On November 6, 2001, Washington voters approved Initiative 747 (1-747), which limits the
allowable increase in the property tax levy to 1.0%, or the rate of inflation, whichever is less.
The intent of the Initiative was reaffirmed by the Legislature in November 2007. The measure
of inflation used under this law is the Implicit Price Deflator (IPD). The IPD inflation rate for
2024 levy calculations is 3.67%.
Staff recommends that the City Council approve a 1.0% increase in the property tax levy,
which is the maximum increase allowed. Based on last year's General Fund base levy of
$21,207,174.38, the increase will be $212,071.74. Authorization of this increase requires a
simple majority vote of the City Council.
Staff estimates that the City's general fund base property tax levy rate in 2024 will be $1.86 per
$1,000 of assessed value, compared to the actual 2023 general fund property tax levy rate of
$2.07 per $1,000. The decrease in the property tax levy rate is attributed to assessed values
Page 1 of 3
8
in the City increasing by approximately 16.8% compared to the prior year. Because of the limit
on property tax increases, as discussed above, the property tax levy rate declines as the
assessed value increases. The statutory cap for the City's levy rate is $3.325 per $1,000 of
assessed value.
Example calculation of City Property Tax:
2023 2024 Annual
Property Property Estimated
2023 Rate Tax 2024 Rate Tax Increase
Median House Value $257,600 $302,500
General Fund Levy
Rate 2.07 $532.38 1.86 $562.65
Total Payable to The
City of Yakima $532.38 $562.65 $30.27
Median House Value provided by Yakima County Assessor's Office
Some citizens may qualify for tax relief or qualify for a deferral program.To find out more information
about this, residents should contact the Yakima County Assessor's Office at 509-574-1100 or visit
their website at https://www.yakimacounty.us/218/Assessors-Office
In addition to the base levy, the City collects new property tax revenue based on the value of
new construction added to the assessment rolls during the prior year. The revenue to the City is
calculated using the assessed value of new construction multiplied by the prior year's levy rate.
The value of new construction is still being finalized by the County Assessor's Office and
includes the value of utility new construction provided to the County Assessor by the State. The
most recent estimate from the County Assessor's Office indicates more than $140,488,356 of
new construction, which translates into$290,305.26 of additional City property tax revenue. The
City's ordinance states the percentage and dollar amount increase in the City's base property
tax levy as required by RCW 84.55.120. The County Assessor will determine the levy amount for
new construction based on their final calculations.
Advantage(s)
Continued funding will be available from the City's primary revenue source to pay the cost of
essential City services.
Disadvantage(s)
The 1.0% increase would potentially result in a slightly higher base property tax payment.
Budget Impact
The 2024 Mid-Biennial Budget relies on a 1%annual increase in property tax.
Prior Council Review
2024 Mid-Biennial Budget Study Session-October 10,2024
Page 2 of 3
9
2024 Mid-Biennial Budget Study Session- October 24, 2024
Action Requested
On November 7, 2023, conduct the public hearing and pass ordinances. The Ordinances
must be filed with the Yakima County Department of Assessment on or before November
17, 2023.
Page 3 of 3
10
(--
,__---,-;;--5=‘;_i, City of Yakima Finance and Budget
129 North 2nd Street
, i Yakima WA 98901
i1� � I�>r ,
<�� , (509) 575-6070
www.yakimawa.ciov
TO: The Honorable Mayor and Members of the City Council
Bob Harrison, City Manager
FROM: Rosylen Oglesby, Assistant City Manager/Interim Director of Finance & Budget
Kimberly Domine, Finance Division Manager
DATE: 11/07/2023
11/21/2023
SUBJECT: Ad Valorem Taxes for 2024
Key Points
• Approving ad valorem taxes authorizes the County Assessor to levy real and
personal property taxes.
• City staff have estimated the City should approve ad valorem taxes for 2024 in
the amount of $21,848,987.86 in order to fund the 2024 Mid-Biennial budget.
Strategic Plan Alignment
Fiscal Sustainability
Present Situation
Pursuant to RCW 35.33.135, the City Council must approve an ordinance to fix and
authorize the Yakima County Assessor's Office to levy ad valorem taxes necessary to
fund the City of Yakima's 2024 Mid-Biennial Budget.
An ad valorem tax (Latin for"according to value") is defined as a tax based on the value
of real estate or personal property. An ad valorem tax is typically imposed at the time
of a transaction(s) (a sales tax or value-added tax (VAT)), but it may be imposed on an
annual basis (real or personal property tax) or in connection with another significant
event (i.e., inheritance tax).
Staff currently estimates the 2024 real and personal property tax levy as
$21,848,978.86, which includes a preliminary estimate of $793.39 in property tax
revenue from annexation and $290,305.26 in property tax revenue from new
construction. The property tax estimate from new construction will be updated based
on the final valuation provided by the Assessor's Office. The estimate of property tax
revenue does not include the change in value of state-assessed utility property. Both of
these amounts will not be final until December 2023.
Page 1 of 2
11
City staff recommends that the City Council approve ad valorem taxes in the amount of
$21,848,978.86, which is needed to fund the City's 2024 Mid-Biennial budget.
Approving ad valorem taxes of $21,848,978.86 allows the County Assessor's Office to
levy real and personal property taxes to the full extent allowed under Washington State
law. If the City Council authorizes the ad valorem tax amount too low, the County
Assessor's Office will only be allowed to levy up to the amount authorized by the City
Council.
Staff recommends that the City Council approve ad valorem taxes in the amount of
$21,848,978.86 for the 2024 real and personal property tax levy within the city limits of
Yakima. This estimated revenue source is necessary to fund the 2024 Mid-Biennial
Budget for the City of Yakima.
Advantage(s)
Ad valorem taxes provide continued funding from the City's primary revenue source,
which is necessary to fund the 2024 Mid-Biennial Budget.
Disadvantage(s)
Ad valorem taxes increase; however, the increase is small, and the specific impact on
a property owner is dependent on the change in their assessed value.
Budget Impact
The amount of the ad valorem tax ordinance is included in the 2024 Mid-Biennial
Budget.
Prior Council Review
2024 Mid-Biennial Budget Study Session-October 10,2024
2024 Mid-Biennial Budget Study Session- October 24, 2024
Action Requested
On November 7, 2023, conduct the public hearing and pass ordinances. The Ordinances
must be filed with the Yakima County Department of Assessment on or before November
17, 2023.
Page 2 of 2
EXHIBIT 112
� �•SERVICE• ' Jacob Tate, Assessor
',041110a �' 128 N 2"d St•Room 112•Yakima,WA 98901 •(509)574-1100
n, Toll-Free 800-572-7354•Fax(509)574-1101
https:/lwww.yakimacounty.us/Assessor
Rosalinda Ibarra
City of Yakima
129 North Second Street
Yakima,WA 98901
September 14th,2023
The attached Levy calculation forms include information needed for your 2024 property tax levy
certification. Because certain elements of value are not provided to the County Assessor until later in
the year the calculations include certain estimates. In addition,exemptions and changes to property can
change the total assessed value which can adjust the final maximum levy in some cases.
The forms go into more detail,but the most important numbers are as follows:
2024 Maximum Allowed(estimate) $21,594,903.71
2024 1%Amount $210,928.70
2024 Maximum% 1.0000%
2024 Maximum$Increase $210,928.70
If you are choosing some amount other than the 1%increase,please check with me to go over what
your request should be.It is always a good idea to add to the Maximum Allowed in your levy requests to
account for growth in levy and value. Forms from the Department of Revenue have been included and
originals can be found at https://dor.wa.gov/get-form-or-publication/forms-subject/property-tax-
forms#Levy.
If you have any questions,you may contact our office at(509)574-1100 or by e-mail at
levy@co.yakima.wa.us.
Sincerely,
Jacob Tate
Yakima County Assessor
13
District Name Yakima City
Levy Calculations have changed in the last few years. To get to what you may request and
how you should word your request we are supplying the below information.
Current Tax Base* $11,666,926,627
*This includes estimated state assessed and personal property amounts.
Current Levy Max Amount Calculations
2023 Max Lawful $21,092,869.56
Times 1.01 (if you certify a resolution adopting an increase = $21,303,798.26
Additional Request Monies For NC= NC amount* last years certified Rate.
$140,488,356 Times 2.06640089= $290,305.26
To calculate additional funds for annexations you take the above two numbers summed and multiply by
what the current rate would be using the above estimated tax base minus the annexation amount.
$428,640 Multiplied by Rate of:. 1.8509 = $793.39
Final Before State Rate Limit: $21,594,896.91
Maximum Levy Request is lesser of above or Maximum Statutory
Rate*Tax base.
Maximum State Limit $40,768,524.39
Max Current Request Allowed $21,594,896.91
The Resolutions/Ordinances must reference a %increase over last years levy,and a$amount
increase over last years levy. You must also certify a total budget request amount. The %
increase over last year*does not*include added funds for New construction, State Assessed or
Annexations. The budget request must include those as it certifies the total amount you
request. You are still limited to the above Maximum Current Request Allowed.
Previous Amount Levied $21,207,174.38
Funds for New Construction $290,305.26
Funds for Annexations $793.39
Starting Point $21,498,273.03
Plus 1% of Previous Amount($ increase) $212,071.74
Plus 1% of Previous Amount(total) $21,710,344.78
$ increase over previous year if you take maximum $212,071.74
% increase over previous if you take maximum: 1.0000%
If you have any questions please call Jacob Tate at(509)574-1112.
EXHIBIT II
City of Yakima
Property Tax Limitation Calculation
2023 Tax 2024
Assessed Rate Levy
Value Applied Dollars
2023 Tax Rate $ 10,262,855.817 $ 2.0664 $ 21,207,174.38
Implicit Price Deflator(IPD) -3.67%Increase $ 212,071.74
Substantial Need(resolution required) $ -
2024 Tax Rate @ 101% $ 21,419,246.13
Valuation Increase 1,263,153.814 n/a n/a
New Construction 140,488.356 2.0664 $ 290,305.26
State Assessed Value - 2.0664 $ -
Tax Limit Before Annexations 11,666,497.987 1.8608 $ 21,709,551.39
Add for Annexation 428.640 1.8509 $ 793.39
Limit for Subsequent Years 11,666,926.627 1.8608 $ 21,710,344.78
Plus Refunds(estimate) $ 38,643.08
Plus Contingency $ 100,000.00
Total-ordinance $ 21,848,987.86
($0.2056)
2023 Maximum
Assessed Maximum Levy
State of Washington Constitutional Limits Value Rate Dollars
2023 Assessed Valuation $ 11,666,926.627 3.6000 $ 42,000,935.86
Less:Library Levy 0.5000 $ 5,833,463.31
2023 Levy for Collection in 2024 3.1000 $ 36,167,472.54
Exhibit III
15
� : YAKIMA COUNTY TREASURER
YA ciiwi. 1 Ilene Thomson
7 COUNTY_ -
County Treasurer
MEMORANDUM
October 10, 2023
TO: Taxing Districts
FROM: Ilene Thomson, Yakima County Treasurer
Subject: Tax Year 2024 — Refund Levy— RCW 84.69.180
RCW 84.69.180 allows taxing districts other than the state to levy an annual refund
levy to recover the tax dollars lost to the district for the purpose of:
a. Funding refunds paid within the preceding twelve months, including
interest, and
b. Reimbursing the taxing district for taxes abated or cancelled, offset by
any supplemental tax collected within the preceding twelve months.
RCW 84.69.180 also gives a taxing district the authority to recover that portion of
their levy which was reduced within the preceding twelve months due to tax record
adjustments such as senior exemptions, DOR exemptions, government
exemptions and others.
We calculate the information from October 1st through September 30th of each
year. By establishing this earlier date, each district will have the opportunity to
discuss this levy with your Board of Directors prior to submitting your levy requests.
We will be providing this information to the County Assessor who you would work
with, as you do with all levies. In addition, we will continue to submit the calculation
to the Board of County Commissioners.
Listed below are the refund levy amounts calculated in accordance with RCW
84.69.180 for the period of 10/01/2022 through 09/30/2023, including interest paid.
District Name Fund Name Amount
City of Yakima Expense $38,643.08
If you have any questions or concerns, please contact our Accounting Division at
574-2780 or Treasacc(cco.vakima.wa.us.
128 North Second Street,Room 115 •PO Box 22530 •Yakima,WA 98907-2530
Phone: 509-574-2800 •FAX: 509-574-2801
www.yakimacounty.us/treasurer
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City Council Business Meeting
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November 7, 2023
Overview
The purpose of the presentation is to provide a brief
introduction to the ad valorem property tax for 2024 .
Pg.2•City Council Business Meeting•Ad Valorem Property Tax•November 7,2023
2024 PropertyTax Disbursement
$23 , 942 , 139
Estimate Includes County EMS Levy
Emergency Services,Parks Capital,&
Street Overlay&Reconstruct,
$3,083,564,13%
Debt Service,$2,350,250,10%
General Fund,$8,807,406,37%
Public Safety-Dispatch,
$1,550,000,6%
Streets,$4,580,000,19%
Parks&Rec,$3,570,919,15%
Pg.3•City Council Business Meeting•Ad Valorem Property Tax•November 7,2023
2024 PropertyTax Disbursement
$21 , 848 , 988
Estimate Excludes County EMS Levy and Includes Updated information from County Assessor
Parks Capital and Street Overlay&Reconstruction,
$1,185,949.29,5%
Debt Service, $2,415,054,61,11%
General Fund, $8,279,576.85,
Public Safety-Dispatch, 38%
$1,592,738.92,7% N.
Streets, $4,706,286.61,22%
Parks&Rec, $3,669,381.72, I
17%
Pg.4•City Council Business Meeting•Ad Valorem Property Tax•November 7,2023
Breakdown of The
2024 Estimated PropertyTax Calculation
per Yakima County Assessor's Office
Prior Year Highest Lawful Levy $ 21,207 174
Additional 1% $ 212,072
Subtotal $ 21,419,246
New Construction $ 290,305
Annexations $ 793
Administrative Refund $ 38,643
Buffer for final adjustments in state assessed
refunds, new construction and annexation values. $ 100,000
2024 Estimated Property Tax $ 21,848,988 1
1 Estimate does not include the EMS levy of approximately $2,279,438
Pg.5•City Council Business Meeting•Ad Valorem Property Tax•November 7,2023
i