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025-09 - Ordinance - Property Taxes for 2010Introduced by: City Treasurer Requested by: City Treasurer Drafted by: City Treasurer Introduced: November 10, 2009 Adopted: November 10, 2009 ORDINANCE NO. o25-o9 AN ORDINANCE OF THE CITY OF PORT ORCHARD, WASHINGT ON, SETTING THI, AMOUNT OF PROPERTY TAXES TO BE LEVIED FOR THE YEAR 2010, INCLUDING ADMINSTRATIVE REFUNDS WHEREAS, the City of Port Orchard, with a population over Ten Thousand (io,000), retains the ability to raise property taxes up to one percent (1%) per year with a finding of Substantial Need plus all or a portion of property tax levy capacity that has been banked for future use pursuant to RCW 84.55.092• WHEREAS, RCW 84.55.010 provides that a taxing jurisdiction may levy taxes in an amount no more than the limit factor multiplied by the highest levy of the most recent three years plus additional amounts, including but not limited to those resulting from new construction, annexation, state assessed utilities, and improvements to property; and WHEREAS, under RCW 84.55.005(2)(c), the limit factor for a taxing jurisdiction Mth a population of ro,000 or over is the lesser of lol percent or loo percent plus inflation; and WHEREAS, RCW 84.55.005(1) defines "inflation" as the percentage changed in the implicit price deflator for personal consumption expenditures for the United States as published for the most recent 12-month period by the Bureau of Economic Analysis of the U.S. Department of Commerce in September of the year before the taxes are payable; and WHEREAS, based on the U.S. Department of Commerce's September publication, "inflation" for the most recent twelve month period (July 2oo9) is minus (-) 0.848 percent and therefore the limit factor is 99.152 percent, meaning the taxes levied in the City of Port Orchard in 2009 for collection in 2010 will decrease except for the amounts resulting from new construction, improvements to property, and other amounts allowed by statute; and WHEREAS, notice was given for the annual public hearing on revenue sources held Ordinance No.025-09 Page 2 of on October 27, 2009 to consider the City of Port Orchard's current expense and street budget for the 2010 calendar year pursuant to RCW 84.55.120; and WHEREAS, the City Council, after a public hearing and after duly considering all relevant evidence and testimony presented, has determined that the City of Port Orchard should collect the maximum amount of property tax allowed for the year 2009 for collection in 2010, in addition to that resulting from the addition of new construction, improvements to property, annexations, other amounts allowed by statute, and refunds made, in order to discharge the expected expenses and obligations of the City and in its best interest; now, therefore, THE CITY COUNCIL OF THE CITY OF PORT ORCHARD, WASHINGTON, DO ORDAIN AS FOLLOWS: SECTION 1. There shall be and hereby is levied on all real, personal and utility property, whose estimated assessed valuation is one billion one hundred sixty-seven million, twenty one thousand eight hundred eighty-six dollars (1,167,021,886), current taxes for the year commencing January 1, 2010, at the approximate rate of $2.15 per thousand dollars of assessed valuation. The regular property tax levy for collection in 2010 is approximately one million six hundred forty-nine thousand six hundred forty four dollars ($1,649,644), plus an additional dollar amount, of approximately eight hundred sixty-five thousand three hundred ninety-two dollars ($865,392), equal to the amount allowed for new construction, improvements to property, any increase in the value of state -assessed property and annexations that have occurred, by provisions of RCW 84.55•010. The dollar amount of the increase over the actual levy amount from the previous year is approximately sixteen thousand three hundred thirty-seven dollars ($16,337), which is a one percent (1%) increase from the previous year. This increase is exclusive of new construction, improvements to property, any increase in the values of state assessed property and any annexations that have occurred. SECTION 2. In addition, the above amount for regular property tax levies there will be added administrative refunds of one thousand nine hundred ninety one dollars ($1, 991) SECTION 3. Severability. If any section, subsection, paragraph, sentence, clause, or phrase of this ordinance is declared unconstitutional or invalid for any reason, such decision shall not affect the validity of the remaining portions of this ordinance. SECTION 4. This ordinance shall be in full force and effect five (5) days after posting and publication as required by law. A summary of this Ordinance maybe published in lieu of the entire ordinance, as authorized by State Law. Ordinance No.025-09 Page 3 of 3 PASSED by the City Council of the City of Port Orchard, APPROVED by the Mayor and attested by the Clerk in authentication of such passage this loth day of November 2009. A EST: (6 i�;61� _� _.. Patricia J. '•1 atri , CMC, City Clerk APPROVED AS TO FORM: Gregory A. Jtb , CitUttorney Sponsored by: `- "� Robert Putaansuu, Councilmember NOTICE OF CITY OF PORT ORCHARD ORDINANCE The following is a summary of an Ordinance approved by the Port Orchard City Council at their regular Council meeting held November 10, 2009. ORDINANCE NO. 025-09 AN ORDINANCE OF THE CITY OF PORT ORCHARD, WASHINGTON, SETTING THE AMOUNT OF PROPERTY TAXES TO BE LEVIED FOR THE YEAR 2010, INCLUDING ADMINSTRATIVE REFUNDS Copies of Ordinance No. 025-09 is available for review at the office of the City Clerk of the City of Port Orchard. Upon written request a statement of the full text of the Ordinance will be mailed to any interested person without charge. Thirty days after publication, copies of Ordinance No. 025-09 will be provided at a nominal charge. City of Port Orchard Patti Kirkpatrick City Clerk Publish: Port Orchard Independent November 20, 2009