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AN ORDINANCE relating to the 2006 levy of property taxes in King County for collection in the year 2007; and amending Ordinance 15662, Sections 1, 2 and 3.
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BE IT ORDAINED BY THE COUNCIL OF KING COUNTY:
SECTION 1. Ordinance 15662, 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 (($297,017,721,517)) $297,126,131,614 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 (($295,010,009,784)) $295,116,636,567.
SECTION 2. Ordinance 15662, 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 2007 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 $251,259,313
HUMAN SERVICES FUND/MENTAL HEALTH 5,148,117
VETERANS AND HUMAN SERVICES 13,880,852
VETERANS' AID 2,316,652
RIVER IMPROVEMENT 2,738,562
INTER-COUNTY RIVER IMPROVEMENT 50,000
BOND REDEMPTION - LIMITED 18,446,505
AFIS ((16,870,607)) 16,877,743
UNLIMITED G.O. BONDS 44,200,000
CONSERVATION FUTURES 15,259,661
EMERGENCY MEDICAL SERVICES 61,271,823
PARKS 12,609,307
TOTAL COUNTY (($444,051,399)) $444,058,5...

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