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HomeMy WebLinkAbout1977 ResolutionATTEST APPROVED AS TO FORM .4e7 RESOLUTION NO 1977 A RESOLUTION opposing Initiative 559 which would place new limitations on Property Tax Assessments within the State of Washington. WHEREAS, Initiative 559 on the November ballot will ask voters, "Shall property value for tax purposes be the January 1, 1985 value or subsequent sale price, adjusted for cost of living changes?", and WHEREAS, according to the Washington Research Council the passage of Initiative 559 would threaten the State of Washington's sound property tax system which ranks high in both tax uniformity and equity, and WHEREAS, property taxes m the State of Washington are not out of line with other states in that Washington ranks 28th in state and local property tax burden, both as a share of the economy and per person, and the property tax burden has consistently been below the national average over the last decade, and WHEREAS, the State of Washington already has other property tax limitations m place, and WHEREAS, compliance with the formula created by Initiative 559 would place a heavy burden on County Assessors, and WHEREAS, Initiative 559 would create tax shifting and inequities between long-term home owners and more recent purchasers of property, NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Pasco strongly opposes Initiative 559 and encourages voters to reject Initiative 559 dunng the general election this fall PASSED by the City Council and APPROVED by the Mayor this day of November, 1991 ATHERINE D E MAN GRE RUBST LLO Deputy City Clerk City tor ey