024-05 - Ordinance - Property Taxes for 2006NOTICE 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 14, 2005.
ORDINANCE NO. 024-GS
AN ORDINANCE OF THE CITY OF PORT ORCHARD,
WASHINGTON SETTING THE AMOUNT OF PROPERTY
TAXES TO BE RAISED FOR THE YEAR 2006
Copies of Ordinance No. 024-05 are 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. 024-05 will be
provided at a nominal charge.
City of Port Orchard
Michelle Merlino
Deputy Clerk
Publish: Part Orchard Independent
November 19, 2005
Kitsaplegals@soundpublishing.com
ORDINANCE NO. 024-05
AN ORDINANCE OF THE CITY OF PORT ORCHARD,
WASHINGTON SETTING THE AMOUNT OF PROPERTY TAXES
TO BE RAISED FOR THE YEAR 2006
WHEREAS, the City of Port Orchard, with a population under ten thousand
(10,000), retains the ability to raise property taxes up to one percent (1%) per year plus
all or a portion of property tax levy capacity that has been banked for future use pursuant
to RCW 84.55,092, and
WHEREAS, notice was given for the annual public hearing on revenue
sources held on October 24, 2005 to consider the City of Port Orchard's current expense
and street budget for the 2006 calendar year pursuant to RCW 84.55.120; and
WHEREAS, the City Council, after 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 2DD6,
in addition to that resulting from the addition of new construction and improvements to
property and any increase in the value of state -assessed property, and it should also
use a portion of its banked levy capacity, 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:
SECITO There shall be and hereby is levied on all real, personal and utility
property, whose estimated assessed valuation is five hundred ninety-four million, seven
hundred eighty thousand six hundred ninety-five dollars ($594,780,695) current taxes
for the year commencing January 1, 2006 at the approximate rate of $2.10 per
thousand dollars of assessed valuation. The regular property tax levy for collection in
2006 is approximately One million two hundred twenty-four thousand dollars
($1,224,000), plus an additional dollar amount, of approximately twenty-five thousand
five hundred twenty-seven dollars ($25,527), equal to the amount allowed under the
new construction, improvements to property and any increase in the value of state -
assessed property, by provisions of RCW 84.55.010,
This is a twenty-four percent (24%) increase, plus new construction, of
approximately two hundred thirty-six thousand nine hundred seventy-seven dollars
($236,977) over the collection in 2005 which was at a levy rate of $1,7994 in an
amount of nine hundred eight -seven thousand twenty-three dollars ($987,023).
Ordinance No. 024-05
Page 2 of 2
ECITON 2. This ordinance shall be in full force and effect five (5) days after
posting and publication as rewired by laver. A summary of this Ordinance may be
published in lieu of the entire ordinance, as authorized by State Laver.
PASSED by the City Council of the City of Port Orchard, APPROVED by the Mayor
and attested by the City Clerk in authentication of such passage this 14�h day of
November 2005.
ATTEST:
Carol E en, City C rk
Y�vm. 5.•���
KIM E. ABEL, MAYOR
SPONSORED BY:
-
ohn Clauson, Councilman
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#City Clerk
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CITY HALL ' Prospect Street, Port Orebard. A
LEVY CERTIFICATION
In accordance with RCW 84.52.020, I, Michelle Merlino, Deputy City Clerk for the City of
Port Orchard, do hereby certify to the Kitsap County legislative authority that the City
Council of said City requests that the following levy amounts be collected in 2005 as
provided in the City of Port Orchard's budget. The City's ordinance #024-05 setting the
levy was passed on November 14, 2005 after the public hearing on revenue sources
was held on October 24, 2005.
Estimated Regular Levy: $1,255,000
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Signature: Date: � o S�