Drafter
Clerk 01/25/2005
title
AN ORDINANCE relating to the 2004 levy of property taxes in King County for collection in the year 2005; and amending Ordinance 15095, Sections 1, 2 and 3.
body
BE IT ORDAINED BY THE COUNCIL OF KING COUNTY:
SECTION 1. Ordinance 15095, 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 (($247,766,412,831)) $247,814,066,120 and as adjusted for senior citizens exemptions provided for in RCW 84.36.381 and for omitted assessments in accordance with RCW 84.40.080 is (($ 245,811,601,442)) $245,854,559,489.
SECTION 2. Ordinance 15095, 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 2005 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 ((this sum and it is)) these sums and they are therefore included in the following levy totals.
FUND TAX
COUNTY
CURRENT EXPENSE $235,038,626 HUMAN SERVICES FUND/MENTAL HEALTH 4,841,326
VETERANS' AID 2,178,596
RIVER IMPROVEMENT 2,575,362
INTER-COUNTY RIVER IMPROVEMENT 50,000
BOND REDEMPTION - LIMITED 17,866,676
AFIS 12,225,166
UNLIMITED G.O. BONDS ((41,176,543)) 41,257,433
CONSERVATION FUTURES 14,349,780
EMERGENCY MEDICAL SERVICES 57,448,128
PARKS 11,857,880
TOTAL COUNTY (($399,608,083)) $399,68...

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