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LEVY LIM ITATIONS WORKSHEET
<br />TAXING DISTRICT Gity/Town of Kittitas est 1t-04-20 2020 Levyfor 2021 Taxes
<br />Instructions for electronic version of form - Fill in highlighted cells all other setf populate.
<br />B
<br />$3,116,631
<br />Current Year's A.V.
<br />0
<br />Remainder from Line C
<br />D. Regular property tax limit: .,
<br />$3,368,121
<br />Previous Year's A.V.
<br />1.759409000000
<br />Last Year's Levy Rate
<br />had no error occurred)
<br />$1,000 =
<br />$ (251,4e0.00)
<br />Remainder
<br />$1,000
<br />A+B+C
<br />Highest regular tax which could have been lawfully levied beginning with the 1985 levy (refund levy not included).
<br />Year 2020 $179,303.51 ,(101.000%$1 81 096.55
<br />Highest Lawful Levy Since 1 985 Limit Factor/Max lncrease 101%
<br />Current year's assessed value of new construction, improvements, and wind turbines, solar, biomass, and geothermal
<br />facilities in original districts before annexation occurred times last year's levy rate (if an error occurred or an error correction
<br />was made in the previous year, use the rate that would have been levied
<br />$52,450 x 1.759409000000 +$92.28
<br />Last Year's Levy Rate
<br />Current year's state assessed property value less last year's state assessed property value. The remainder is to be multiplied
<br />by last year's regular levy rate (or the rate that should have been levied).
<br />x 0
<br />$181 ,188.83
<br />Parts E through G are used in calculati ng the additional levy limit due to annexation.
<br />E. To find the rate to be used in F, take the levy limit as shown in Line D above and divide it by the current assessed value of
<br />the district, excluding the annexed area.
<br />$181 ,188.83 $107,417,111 x $1,000 1.686778096276
<br />Total in Line D Assessed Value Less An
<br />F. Annexed area's current assessed value including new construction and improvements, times the rate in Line E
<br />x 1.686778096276 + $1,000 0
<br />Annexed Area's A.V Rate in Line E
<br />G. Regular property tax limit including annexation D+F =$181,188.83
<br />H. Statutory maximum calculation
<br />Only enter fire/RFA rate, library rate, & firefighter pension fund rate for cities annexed to a fire/RFA or library, or has a firefighters pension fund
<br />3.600000000000 2.1 00000000000
<br />District base levy rate
<br />$107,417,111
<br />1.500000000000ffi
<br />x
<br />l-
<br />Libra"/ Rat FirefighteFsion rund
<br />2.100000000000 + $1,000
<br />Rate Limit
<br />Statutory Rate Limit
<br />$225,575.93
<br />A.V. of District Statutory Amount
<br />l. Highest Lawful Levy For This Tax Year (Lesser of G and H)$181 ,188.83
<br />J. Tax Base For Regular Levy
<br />1. Total district taxable value (including state-assessed property, and excluding
<br />boats, timber assessed value, and the senior citizen exemption for the regular levy)
<br />K. Tax Basefor Excess and Voted Bond Levies
<br />2. Less assessed value of the senior citizen exemption of less than $40,000 income or 610/o
<br />of the median household income for the county based on lower of frozen or market value.
<br />3. Plus Timber Assessed Value (TAV)
<br />4. Tax base for excess and voted bond levies (1-2+3)
<br />$107,417 ,111
<br />$107,417 ,111
<br />Excess Levy Rate Gomputatio n - Excess levy amounl divided by the assessed value in Line K4 above.
<br />$107,417,111 x $1,000 0.000000000000
<br />Levy Amount A.V. from Line K4 above
<br />Bond Levy Rate Computation - Bond levy amount divided by the assessed value in Line K4 above
<br />$107,417 111
<br />Amount A.V. from Line K4 above
<br />x $1,000 0.000000000000
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