HomeMy WebLinkAbout4361 OrdinanceORDINANCE NO.
AN ORDINANCE PROVIDING FOR THE 2018 AD VALOREM TAX LEVY IN THE CITY
OF PASCO IN ACCORDANCE WITH STATE LAW.
WHEREAS, the City is, pursuant to RCW 35A.33.135, authorized to set by ordinance the
amount to be raised by ad valorem taxes; and
WHEREAS, a public hearing was held on October 30`h, 2017, as required by RCW
84.55.120, regarding the revenue sources for the City's following year Budget with consideration of a
possible increases in property tax revenues levied including ad valorem taxes; and; NOW,
THEREFORE,
THE CITY COUNCIL OF THE CITY OF PASCO, WASHINGTON DO ORDAIN
AS FOLLOWS:
§l. The City Council of the City of Pasco (the population of which is greater than 10,000)
has met and considered its budget for the calendar year 2018;
§2. The City Council of the City of Pasco after public hearing and after duly considering
all relevant evidence and testimony presented, determined that the City of Pasco requires a regular
levy in the amount of $8,392,576, which includes the 1% allowable percentage increase in property
tax revenues from the previous year and does include amounts resulting from the addition of new
construction, improvements to property, and any increases in the value of state -assessed property,
and amounts authorized by law as a result of any annexations that have occurred and refunds made,
in order to discharge the expected expenses and obligations of the district. RCW 84.55.120 requires a
specific statement regarding the amount of any increase in regular property tax from the previous
year. The actual general levy amount from the previous year (2017) was $7,949,354. The City
Council of the City of Pasco hereby authorizes the following increase in the regular property tax levy
to be collected in the 2018 tax year.
The dollar amount of the increase over the actual levy amount from the previous year shall be
$79,494 (seventy-nine thousand four hundred and ninety-four dollars) which is a percentage
INCREASE of 1.0% from the previous year. This increase is exclusive of additional revenue
resulting from the addition of new construction and improvements, newly constructed wind turbines
to property, any increase in value of state assessed property, and any additional amounts resulting
from any annexations that have occurred and refunds made.
The property tax from the new construction to be included in the actual levy is calculated to
be $355,752. This number is the result of the amount of new construction and improvements to
property of $189,211,600, provided by the Franklin County Assessor's Office, multiplied by 2017
(prior year) levy rate of $1.880 per $1,000 of that value. The property tax from annexation to be
included in the actual levy is calculated to be $977. This number is result of Annexation property
values of $519,700 provided by the Franklin County Assessor's Office, multiplied by the 2017 (prior
year) levy rate of $1.880 per $1,000 of that value. The property tax from the increase in state
assessed utilities to be included in the actual levy is calculated to be $7,000. This number is an
estimate as Franklin County Assessor's Office has not received valuation for state assessed
utilities.
§3. A tax for the following sum of money which includes new construction to defray the
expense and liabilities of the City of Pasco be and the same is hereby levied for the purposes
specified against all taxable property in the City for the fiscal year 2018;
General Expense, including Councilmanic Bond Debt Service $8,392,576
§4. A certified copy of this ordinance shall be transmitted to the Franklin County Board of
Commissioners and to the Franklin County Assessor on or before November 30, 2017;
§5. This Ordinance shall take effect five (5) days after passage and publication;
Adopted by the City Council of the City of Pasco this30'oay of L 6K_, 2017.
Matt Watkins
Mayor
ATTEST:
&�L z Q, -
Daniela Erickson
City Clerk
APPROVED AS TO FORM:
Leland B. Kerr
City Attorney