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File #: 2007-0560    Version:
Type: Ordinance Status: Passed
File created: 10/22/2007 In control: Operating Budget, Fiscal Management and Mental Health Committee
On agenda: Final action: 12/10/2007
Enactment date: 12/20/2007 Enactment #: 15991
Title: AN ORDINANCE relating to the 2007 levy of property taxes in King County for collection in the year 2008.
Sponsors: Bob Ferguson
Indexes: levy, Property Tax
Attachments: 1. 15991.pdf, 2. 2007-0559,0560,0561 Staff Report for 11-07&08-07 OBFMMHC - Property Taxes.doc
Drafter
Clerk 12/11/2007
title
AN ORDINANCE relating to the 2007 levy of property taxes in King County for collection in the year 2008.
body
BE IT ORDAINED BY THE COUNCIL OF KING COUNTY:
SECTION 1. 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 $339,426,558,980.
SECTION 2. The metropolitan King County council imposes the levies necessary to fund estimated expenditures for the year 2008 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 $260,336,544
HUMAN SERVICES FUND/MENTAL HEALTH $5,315,403
VETERANS AND HUMAN SERVICES $14,366,946
VETERANS' AID $2,391,931
INTER-COUNTY RIVER IMPROVEMENT $50,000
BOND REDEMPTION - LIMITED $20,104,725
AFIS $17,468,824
UNLIMITED G.O. BONDS $40,000,000
CONSERVATION FUTURES $15,755,647
EMERGENCY MEDICAL SERVICES $101,827,968
PARKS $16,971,328
PARKS EXPANSION $16,971,328
TOTAL COUNTY $511,560,644
UNINCORPORATED COUNTY - ROADS $81,135,147
SECTION 3. The metropolitan King County council certifies the levies of the following taxing districts:
PORT OF SEATTLE $75,899,369
ALGONA $600,929
AUBURN (King County portion only) $8,455,792
BEAUX ARTS VILLAGE $135,798
BELLEVUE $28,903,886
BLACK DIAMOND $949,099
BOTHELL (King County portion only) $4,415,600
BURI...

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