File #: 2015-0412    Version:
Type: Ordinance Status: Passed
File created: 10/19/2015 In control: Budget and Fiscal Management Committee
On agenda: Final action: 2/8/2016
Enactment date: 2/17/2016 Enactment #: 18231
Title: AN ORDINANCE relating to the 2015 levy of property taxes in King County for collection in the year 2016.
Sponsors: Joe McDermott
Indexes: levy, Property Tax
Attachments: 1. Ordinance 18231.pdf, 2. 2015-0412 legislative review form.pdf, 3. 2015-0412 transmittal letter.docx, 4. 2015-0412 fiscal note.xls, 5. 2015-0409 0410 0411 0412 413 - SR_Sunshine & Prop Levy Cert & Substantial Need - 102815.docx, 6. 18231 amendment S1 ~ 2-8-16.pdf
Staff: Celebrezze, Rachelle
title
AN ORDINANCE relating to the 2015 levy of property taxes in King County for collection in the year 2016.
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 $424,680,041,950.
SECTION 2. The metropolitan King County council imposes the levies necessary to fund estimated expenditures for the year 2016 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 moneys needed, the council was cognizant of these sums and they are therefore included in the following levy totals.
FUND TAX
COUNTY
CURRENT EXPENSE $336,385,866
HUMAN SERVICES FUND/MENTAL HEALTH $6,366,874
VETERANS AND HUMAN SERVICES $17,918,894
VETERANS' AID $2,836,936
INTER-COUNTY RIVER IMPROVEMENT $50,000
AFIS $20,234,950
UNLIMITED G.O. BONDS $16,820,000
CONSERVATION FUTURES $18,877,155
EMERGENCY MEDICAL SERVICES $119,879,727
PARKS $67,925,490
TRANSIT $26,951,390
CHILDREN AND FAMILY JUSTICE CENTER $23,821,948
FERRY DISTRICT $1,183,252
PUGET SOUND EMERGENCY RADIO NETWORK $29,727,603
BEST STARTS FOR KIDS $59,455,206
TOTAL COUNTY $748,435,291
SECTION 3. A. The metropolitan King County council imposes the levy necessary to fund estimated expenditures for the year 2016 as listed in this section. This amount does not include the total of estimated revenues from sources other than taxation, including available surplus and suc...

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