HomeMy WebLinkAboutGeneral Fund with Levy Shift (2)2018 2019
A.
Year 2018 ×
B.
÷ $1,000
C.
-=
×÷$1,000
D.A+B+C
E.
÷×$1,000
F.
×÷$1,000
G.D+F
H.
×÷$1,000
I.
J.
K.
÷×$1,000
÷×$1,000
Page 1
26,910,568.00$
Levy Amount
Parts E through G are used in calculating the additional levy limit due to annexation.
$8,411,132.23
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
the district, excluding the annexed area.
A.V. from Line K4 above
$8,411,132.23
$8,411,132.23
Rate in Line E
=
1.131043018460
Levy Amount
Bond Levy Rate Computation
Bond levy amount divided by the assessed value in Line K4 above.
$7,389,561,816
A.V. from Line K4 above
=
Annexed area's current assessed value including new construction and improvements, times the rate in Line E.
1.131043018460
Statutory Amount
=
=1.800000000000$7,436,615,666
A.V. of District
A.V.
Remainder from Line C
=
$7,436,615,666
Current Assessed Value
Regular property tax limit: …………………………………….………….
$491,026,853
$37,095.38
LEVY SHIFT
=
Highest Lawful Levy
$247,079.301.378469000000
Maximum Increase 101%
Highest regular tax which could have been lawfully levied beginning with the 1985 levy (refund levy not included).
$26,910,568
Regular property tax limit including annexation …………………………………
HIGHEST LAWFUL LEVY CALCULATION
TaxesTAXING DISTRICT Kittitas County Est 11-08-18 Levy for
$8,126,957.55=$8,046,492.62
$8,411,132.23
$464,116,285
101.000%
$179,241,826
Current year's assessed value of new construction, improvements, and wind turbines, solar, biomass, and geothermal
facilities in original districts before annexation occurred times last year's levy rate (if an error occurred or an error correction
was made in the previous year, use the rate that would have been levied had no error occurred).
Current Year's. A.V. Previous Year's. A.V. Remainder
=1.378469000000
(1-2+3)
=$7,389,561,816
Excess Levy Rate Computation
Excess levy amount divided by the assessed value in Line K4 above.
=
Total in Line D
1. Total district taxable value (including state-assessed property, and excluding
=
Statutory Rate Limit
Annexed Area's A.V.
Statutory maximum rate times the assessed value of the district.
Tax Base For Regular Levy
$13,385,908.20
3. Plus Timber Assessed Value (TAV) ………………………………...………..
$7,436,615,666
$47,053,850
2. Less assessed value of the senior citizen exemption of less than $40,000 income
difference between the lower of the frozen or market value and the exempt value)
boats, timber assessed value, and the senior citizen exemption for the regular levy)
Tax Base for Excess and Voted Bond Levies
$7,389,561,816
Last Year's Levy Rate
Last Year's Levy Rate
4. Tax base for excess and voted bond levies ………………………...…..……
Highest Lawful Levy (Lesser of G and H) ……………………………………
Current year's state assessed property value less last year's state assessed property value. The remainder is to be
multiplied by last year's regular levy rate (or the rate that should have been levied).
REV 64 0007 (9/11/15)
2018 2019
Calculated % Increase
A.
+
Year 2018 ×
B.
C.
D.A+B+C
E.
÷×$1,000
F.
×÷$1,000
G.D+F
H.
+
I.
J.
+
K.
―
L.
M
M.
N.
O.
÷×$1,000
Page 2
ACTUAL LEVY CALCULATION
Population:
Was a resolution/ordinance adopted authorizing an increase over the previous year's levy?
TAXING DISTRICT Kittitas County Est 11-08-18 Levy For Taxes
Lesser of L and O Amount on line J1 on page 1
Regular Levy Rate Computation: Lesser of L and O divided by the assessed value in line J1 on page 1.
1.131043018460
Total: M +/- N …………………………………………………………………………. $8,411,132.23
$8,411,132.23 $7,436,615,666 =
Statutory limit from line H on page 1 (dollar amount, not the rate) …………………=$13,385,908.20
Lesser of K and L …………………………………………………………………… $8,411,132.23
Levy Corrections Year of Error:
1. Minus amount over levied (if applicable) …………………………………………..
Total
Amount of taxes recovered due to a settlement of highly valued disputed property (RCW 84.52.018).
$8,411,132.23 =$8,411,132.23
Lesser of H, I, or J Amount Held in Abeyance
$8,411,132.23
Line G, Page 1 Amount to be Refunded Total
Levy limit from line G on page 1, plus amount refunded or to be refunded (RCW 84.55.070).
$8,411,132.23 =
Total amount certified by county legislative authority or taxing district as applicable.
(RCW 84.52.020 and RCW 84.52.070) ……………………………………………..=
TB FR lL
$8,500,000.00
Total from Line G Amount to be Refunded Amount allowable per
Resolution/Ordinance
$9,243,126.23
$9,243,126.23 =$9,243,126.23
Total levy amount authorized by resolution (G) plus amount refunded or to be refunded (RCW 84.55.070).
Annexed Area's A.V. Rate in Line E
Total levy amount authorized, including the annexation ……………………………=
1.131043018460 =
Total in Line D on page 1 Assessed Value
Annexed area's current assessed value including new construction and improvements, multiplied by the rate in E.
Parts E through G are used in calculating the additional levy amounts due to annexation.
To find the rate to be used in F, divide the levy amount as shown in D (page 1) by the current assessed value of the district,
excluding the annexed area.
$8,411,132.23 $7,436,615,666 =1.131043018460
Amount for increase in value of state-assessed property (Line C, page 1)=$37,095.38
=$9,243,126.23Regular property tax limit (based on the lesser of values in line A): ………
(Line B, page 1) …………………………………………………………………….=$247,079.30
If so, what was the percentage increase? 1.00%
Previous year's actual levy times the increase as stated in ordinance or resolution (RCW 84.55.120). If the taxing district did
not provide an ordinance or resolution use 100% in the field increasing the previous year's actual levy.
$8,870,249.06 =$8,958,951.55
Amount for new construction, improvements, and wind turbines, solar, biomass, and geothermal facilities.
Was a second resolution/ordinance adopted authorizing an increase over the IPD?
If so, what was the percentage increase? 0.999999993236%
$8,958,951.55
Plus Resolution Increase Amount
Previous Year's Actual Levy 100% Plus the Percentage Increase
101.000000000000%
88,702.49 =
Less than 10,000 10,000 or more
No
Yes
Yes
No N/A
REV 64 0007 (9/11/15)