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LEVY LIMITATIONS WORKSHEET
<br />TAXING DISTRICT County Rd est 10-21-22 2022 Levy for 2023 Taxes
<br />Instructions for electronic version of form - Fill in highlighted cells all other self 000ulate.
<br />A. Highest regular tax which could have been lawfully levied beginning with the 1985 levy (refund levy not included).
<br />Year 2022 $7,827,964.89 x 101.000% _ $7,906,244.54
<br />Highest Lawful Levy Since 1995 Limit Factor/Max Increase 101%
<br />B. Current years assessed value of new construction, improvements, and wind turbines, solar, biomass, and geothermal
<br />facilities in original districts before annexation occurred times last years 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 had no error occurred).
<br />$499,548,957 x 1.040782000000 - $1,000 = $519,921.56
<br />A. V Last Years Lery Rate
<br />C. Tax increment finance area increment AV increase (RCW 84.55.010(1)(e)) (value included in B & D cannot be included in C)
<br />x 1040782000000 $1,000 = $0.00
<br />A V Last Year's Levy Rate
<br />D. 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 />$423,723,628 $401,549,494 = $ 22,174,134.00
<br />Current Years A V Previous Year's A V. Remainder
<br />$22,174,134 x 1.040782000000 - $1,000 = $23,078.44
<br />Remainder from Line D Last Year's Levy Rate
<br />E. Regular property tax limit: ............. _ ........ ................................ A+B+C+D = $8,449,244.54
<br />Parts F through H are used in calculating the additional levy limit due to annexation.
<br />F. To find the rate to be used in G, take the levy limit as shown in Line E above and divide it by the current assessed value of
<br />the district, excluding the annexed area.
<br />$8,449,244.54 - $9,721,177,511 x $1,000 = 0.869158548997
<br />Total in Line E AaseaSed Value Less Annexed AV
<br />G. Annexed area's current assessed value including new construction and improvements, times the rate in Line F.
<br />x 0.869158548997 $1,000 = 0
<br />Annexed Area's A.V. Rale in Line F
<br />H. Regular property tax limit including annexation ....................................... E+G = $8,449,244.54
<br />I. 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 />2.250000000000 - + 2.250000000000
<br />District base levy rate Fire or RFA Rate Library Rate Firefighter Pension Fund Statutory Rate Limit
<br />$9,721,177,511 x 2.250000000000 - $1,000 = $21,872,649.40
<br />A.V. of District Statutory Rate Limit Statutory Amount
<br />J. Highest lawful Levy For This Tax Year (Lesser of H and 1) ........................... _ $8,449,244.54
<br />K. New highest lawful levy since 1985 (Lesser of I & H minus C, unless A (before limit = $8,449,244.54
<br />factor increase) is greater than I or H minus C then A before the limit factor increase
<br />L. Tax Base For Excess Levies
<br />1. Regular levy taxable value (including state -assessed property, and excluding
<br />boats, timber assessed value, and the senior citizen exemption for the regular levy) $9,721,177,511
<br />2. Less assessed value of the senior citizen exemption of less than $40,000 income or 65%
<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) $9,721,177,511
<br />Excess Levy Rate Computation - Excess levy amount divided by the assessed value in Line L4 above.
<br />$9,721,177,511 x $1,000 = 0.000000000000
<br />Levy Amount AV. from Line L4 above
<br />Bond Levy Rate Computation - Bond levy amount divided by the assessed value in Line L4 above.
<br />$9,721,177,511 x $1,000 = 0.000000000000
<br />Levy Amount A.V. from Line 1_4 above
<br />RFV ed n07
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