HomeMy WebLinkAboutRoad Levy Calculation (2)HIGHEST LAWFUL LEVY CALCULATION
Levy shift with bank capacity of 20% plus 1% HHL = percentage increase 21%
TAXING DISTRICT Kittitas Co Road Est 11-08-18 2018 Levy for 2019 Taxes
A. Highest regular tax which could have been lawfully levied beginning with the 1985 levy (refund levy not included).
Year 2018 $6,703,195.83 x 101.000% _ $6,770,227.79
Highest Lawful Levy Maximum Increase 101%
B. 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).
$147,567,221 0.972656000000 _ $1,000 = $143,532.14
A.V. Last Year's Levy Rate
C. 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).
$423,521,771 - $412,240,140 = $ 11,281,631.00
Current Year's. A.V. Previous Year's. A.V. Remainder
$11,281,631 x 0.972656000000 _ $1,000 = $10,973.15
Remainder from Line C Last Year's Levy Rate
D. Regular property tax limit: ........................... ............................ A+B+C = $6,924,733.08
I. Highest Lawful Levy (Lesser of G and H) .......................................... _ $6,924,733.08
J. Tax Base For Regular Levy
1. Total district taxable value (including state -assessed property, and excluding
boats, timber assessed value, and the senior citizen exemption for the regular levy)
K. Tax Base for Excess and Voted Bond Levies
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)
3. Plus Timber Assessed Value (TAV)..................................................
4. Tax base for excess and voted bond levies ......................................... (1-2+3)
Excess Levy Rate Computation
Excess levy amount divided by the assessed value in Line K4 above.
$5,214,529,639 x $1,000 —
Levy Amount A.V. from Line K4 above
Bond Levy Rate Computation
Bond levy amount divided by the assessed value in Line K4 above.
J. $5,214,529,639 x $1,000 T
Levy Amount A V_ from Line K4 above
Page 1
REV 64 0007 (9111/15)
TAXING DISTRICT
ACTUAL LEVY CALCULATION
Kittitas Co Road Est 11-08-18
2018 Levy For 2019 Taxes
Population: I— Less than 10,000 r 10,000 or more
Was a resolution/ordinance adopted authorizing an increase over the previous year's levy? (— Yes F_ No
If so, what was the percentage increase? Calculated % Increase 21.000000002284%
Was a second resolution/ordinance adopted authorizing an increase over the IPD? 17- Yes i— No F_ N/A
If so, what was the percentage increase? 21.00%
A. 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.
+ 919,423.72 — $5,297,631.91
Plus—Resolution Increase Amount
Year 20_18 $4,378,208.19 x 121.000000000000% _ $5,297,631.91
Previous Years Actual Levy 100% Plus the Percentage Increase
B. Amount for new construction, improvements, and wind turbines, solar, biomass, and geothermal facilities.
(Line B, page 1)............................................................................... = $143,532.14
C. Amount for increase in value of state -assessed property (Line C, page 1) - $10,973.15
D. Regular property tax limit (based on the lesser of values in line A):....... A+B+C = $5,452,137.20
Parts E through G are used in calculating the additional levy amounts due to annexation.
E. 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,
excludinq the annexed area.
$6,924,733.08 - $5,241,249,389 x $1,000 1.321198929120
Total in Line D on page 1 Assessed Value
F. Annexed area's current assessed value including new construction and improvements, multiplied by the rate in E.
X 1.321198929120 - $1,000 =
Annexed Area's A.V. Rate in Line E
G. Total levy amount authorized, including the annexation ................................. D+F = $5,452,137.20
H. Total levy amount authorized by resolution (G) plus amount refunded or to be refunded (RCW 84.55.070).
$5,452,137.20 + _ $5,452,137.20
Total from Line G Amount to be Refunded Amount allowable per
Resolution/Ordinance
I. Total amount certified by county legislative authority or taxing district as applicable.
(RCW 84.52.020 and RCW 84.52.070)..................................................... _ $5,500,000.00
J. Levy limit from line G on page 1, plus amount refunded or to be refunded (RCW 84.55.070).
$6,924,733.08 + — $6,924,733.08
Line G, Page 1 Amount to be Refunded Total
K. Amount of taxes recovered due to a settlement of highly valued disputed property (RCW 84.52.018).
$5,452,137.20 — _ $5,452,137.20
Lesser of H, I, or J Amount Held in Abeyance Total
L. Statutory limit from line H on page 1 (dollar amount, not the rate) ...... _ $11,792,811.13 1
M. Lesser of K and L..................................................................................
N. Levy Corrections Year of Error:
1. Minus amount over levied (if applicable) ............. :................ :...................
$5,452,137.20
O. Total: M +/- N..................................................................................... $5,452,137.20
Regular Levy Rate Computation: Lesser of L and O divided by the assessed value in line J1 on page 1.
$5,452,137.20 - $5,241,249,389 x $1,000 = 1.040236171826
Lesser of L and O Amount on line J1 on page 1
REV s4 0007 [91111+5a
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