File #: 2012-0395    Version:
Type: Ordinance Status: Passed
File created: 10/1/2012 In control: Budget and Fiscal Management Committee
On agenda: 12/10/2012 Final action: 12/10/2012
Enactment date: Enactment #: 17497
Title: AN ORDINANCE relating to the 2012 levy of property taxes in King County for collection in the year 2013.
Sponsors: Joe McDermott
Indexes: Property Tax
Attachments: 1. Ordinance 17497.pdf, 2. 2012-0395 transmittal letter.doc, 3. 2012- 0394 Staff report (10-24-12).doc, 4. 2012-0395 Staff Report (10-31-12).doc
Staff: Hamacher, Patrick
Drafter
Clerk 12/11/2012
title
AN ORDINANCE relating to the 2012 levy of property taxes in King County for collection in the year 2013.
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 $312,984,435,517.
SECTION 2. The metropolitan King County council imposes the levies necessary to fund estimated expenditures for the year 2013 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 $313,186,062
HUMAN SERVICES FUND/MENTAL HEALTH $5,944,036
VETERANS AND HUMAN SERVICES $16,409,992
VETERANS' AID $2,648,529
INTER-COUNTY RIVER IMPROVEMENT $50,000
AFIS $18,528,679
UNLIMITED G.O. BONDS $21,040,000
CONSERVATION FUTURES $17,566,647
EMERGENCY MEDICAL SERVICES $93,872,580
PARKS $20,641,962
PARKS EXPANSION $20,641,962
TRANSIT $23,473,833
CHILDREN AND FAMILY JUSTICE CENTER $21, 908,910
TOTAL COUNTY $575,913,192
SECTION 3. A. The metropolitan King County council imposes the levy necessary to fund estimated expenditures for the year 2013 as listed in this section. This amount does 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 w...

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