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AN ORDINANCE relating to the 2003 levy of property taxes in King County for collection in the year 2004.
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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 $235,937,628,670 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 $233,030,173,168.
SECTION 2. The metropolitan King County council imposes the levies necessary to fund estimated expenditures for the year 2004 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 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 this sum and it is therefore included in the following levy totals.
FUND TAX
COUNTY
CURRENT EXPENSE $233,115,592
HUMAN SERVICES FUND/MENTAL HEALTH 4,696,875
VETERANS' AID 2,113,593
RIVER IMPROVEMENT 2,498,521
INTER-COUNTY RIVER IMPROVEMENT 50,000
BOND REDEMPTION - LIMITED 11,958,425
AFIS 11,860,390
UNLIMITED G.O. BONDS 44,164,214
CONSERVATION FUTURES 13,908,400
EMERGENCY MEDICAL SERVICES 55,703,623
PARKS 11,509,126
TOTAL COUNTY $391,578,759
UNINCORPORATED COUNTY - ROADS $64,602,595
SECTION 3. The metropolitan King County council certifies the levies of the following taxing districts:
PORT OF SEATTLE $59,655,268
CITIES AND TOWNS
ALGONA $542,614
AUBURN (King County portion only) 12,346,088
BEAUX ARTS VILLAGE 119,208
BELLEVUE 28,034,883
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