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HomeMy WebLinkAbout4098ORDINANCE of the City Council of the City of Kent, Washington, levying 2013 property taxes for the second year of the 2013 - 2014 biennial budget for the City of Kent. RECITALS A. Pursuant to RCW 84.55.120 and after providing all appropriate notice, the City Council held public hearings on November 5, 2013, and November 19, 2013, to consider the City of Kent's proposed mid -biennial budget modification for 2014, to address the City's property tax levy to be imposed in 2013 for collection in 2014, and to review revenues and limit factors. B. In accordance with RCW 84.55.120, any increase in property tax revenue other than that resulting from the addition of new construction and improvements to property, annexations, and any increase in the value of state -assessed property and the refund fund levy, requires the adoption of a separate ordinance specifically authorizing the increase in terms of both dollars and percentage. C. Pursuant to RCW 84.52.010 and WAC 458-12-365, taxes shC3 ll be levied in specific dollar amounts. 1 Property Tax Levied (1 %) 2013 - 20I4 Biennia/ Budget Ordinance 11� ' 1 ! 1! !• • • �' ORDINANCE SECTION 1. - Recita/s Incorporated. The foregoing recitals a incorporated into this ordinance. SECTIO ®-Property Tax Levied. There is hereby levied against the assessed value of the property in the City of Kent, Washington, a tax for the second year of the City's 2013 - 2014 biennial budget in the following amount for the General Fund, for the purpose of paying the general expenses of municipal government: Fund General Fund Levy per $1,000 of assessed valuation (estimated) Dollar Amount 4)1.6334 4)20,544,599 This property tax levy represents a 1% increase over last year as shown below. 2013 Regular Property Tax Levy Less 2011 Regular Property Tax Levy Less New Construction Levy Less Annexation Levy Less Refund Levy Plus Banked Capacity Property Tax Increase Change $20,544,599 (20,247,862) (94,258) (0) $ 202,479 1.0% 2 Property Tax Levied (1 %) 2013 - 2014 Biennia/ Budget Ordnance - Limitation on Levy. The application of the General Fund levy shall be consistent with and shall not result in a tax revenue in excess of the limitation imposed by RCW sections 84.55.010 and 84.55.0101. SECTION 4. - Adiustments. City administration shall administer the Annual Budget and in doing so may authorize adjustments pursuant to RCW 35A.34, RCW. SE , -Severability. If any one or more sections, subsections, or sentences of this ordinance are held to be unconstitutional or invalid, such decision shall not affect the validity of the remaining portion of this ordinance and the same shall remain in full force and effect. SECTION 6. -Corrections by City Clerk or Code Reviser. Upo approvaI of the City Attorney, the City Clerk and the code reviser are authorized to make necessary corrections to this ordinance, including the correction of clerical errors; references to other local, state or federal laws, codes, rules, or regulations; or ordinance numbering and section/subsection numbering. SECTION 7. -Effective Date. This ordinance shall take effect and be in force January 1, 2014, which is more than five (5) days from and after its passage and publication, as provided by law. ATTEST: NALD F. MARE, QTY CLE LTTE COOKS, MAYOR 3 Property Tax Levied (1 %) 2013 - 2014 Biennia/ Budget Ordinance ...lillml 1 11110 . ! w. UR �PAT" Fri ZPA I RICK, ACTING CITY ATTORNEY PASSED: day of December, 2013. APPROVED: day of December, 2013. PUBLISHED: day of December, 2013. I hereby certify that this is a true copy of Ordinance No. passed by the City Council of the City of Kent, Washington, and ap by the Mayor of the City of Kent as hereo P:\Civil\Ordinance\Taxlevied-2014.Docx RONAL dicate :M T� (SEAL) CITTY CLERK 4 Property Tax Levied (1 %) 2013 - 2014 Biennial Budget Ordinance