Drafter
Clerk 01/18/2006
title
AN ORDINANCE relating to the 2005 levy of property taxes in King County for collection in the year 2006; and amending Ordinance 15349, Sections 1, 2 and 3.
body
BE IT ORDAINED BY THE COUNCIL OF KING COUNTY:
SECTION 1. Ordinance 15349, Section 1, is hereby amended to read as follows:
The county assessor of King County has certified to the metropolitan King County council that the assessed valuation of the County of King as finally equalized amounts to $ ((269,020,734,854)) 268,976,876,077 and as adjusted for senior citizens exemptions provided for in RCW 84.36.381 and for omitted assessments in accordance with RCW 84.40.080 is $ ((267,132,411,988)) 267,085,898,453.
SECTION 2. Ordinance 15349, Section 2, is hereby amended to read as follows:
The metropolitan King County council imposes the levies necessary to fund estimated expenditures for the year 2005 as listed in this section. These amounts do not include the total of estimated revenues from sources other than taxation, including available surplus and such expenditures as are to be net from bond warrant issues. In accordance with state law, the King County assessor calculated a sum for property taxes available to the county related to new construction, improvements to property, refunds and any increase in the assessed value of state assessed property. In calculating the amount of regular property tax monies needed, the council was cognizant of these sums and they are therefore included in the following levy totals.
FUND TAX
COUNTY
CURRENT EXPENSE $ ((242,111,938)) 241,012,220
HUMAN SERVICES FUND/MENTAL
HEALTH ((5,003,442)) 4,987,894
VETERANS AND HUMAN
SERVICES ((13,451,037)) 13,448,844
VETERANS' AID ((2,251,548)) 2,244,552
RIVER IMPROVEMENT ((2,661,601)) 2,653,331
INTER-COUNTY RIVER IMPROVEMENT 50,000
BOND REDEMPTION - LIMITED 19,031,991
AFIS|9 13|
UNLIMITED G.O. BONDS 46,680,000
CONSERVATION FUTURES ((16,813,796)) 14...
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