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HomeMy WebLinkAbout6750 ORDINANCE NO. 6750 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF AUBURN, WASHINGTON, ESTABLISHING THE LEVY FOR REGULAR PROPERTY TAXES BY THE CITY OF AUBURN FOR COLLECTION IN 2020 FOR GENERAL CITY OPERATIONAL PURPOSES IN THE AMOUNT OF $22,368,188 WHEREAS, the City Council of the City of Auburn has met and considered its budget for the calendar year 2020; and WHEREAS, pursuant to RCW 84.55.120 the City Council held public hearings on November 18, 2019 and December 2, 2019, after proper notice was given, to consider the City of Auburn's 2020 budget and the regular property tax levy to support it; and WHEREAS, the City Council of the City of Auburn, after public hearing, and after duly considering all relevant evidence and testimony presented, has determined that the City of Auburn requires property tax revenue and any increase of new construction and improvements to property, any increase in the value of state-assessed property, annexations, and any refund levies in order to discharge the expected expenses and obligations of the City and in its best interest; and NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF AUBURN, WASHINGTON, DO ORDAIN AS FOLLOWS: Section 1. Regular property taxes for collection in the City of Auburn for the year 2020 are authorized in the amount of$22,368,188. Not including the Ordinance No. 6750 November 18, 2019 Page 1 of 3 addition of new construction and improvements to property, any increases related to the value of state assessed property, and any refund levies available, the regular property tax levy for 2020 collection represents an increase from regular property taxes levied for collection in 2019 of $218,909 which is a 1.0% increase in revenue from the previous year. Section 2. Implementation. The Mayor is hereby authorized to implement those administrative procedures necessary to carry out the directions of this legislation. Section 3. Severability. The provisions of this ordinance are declared to be separate and severable. The invalidity of any clause, sentence, paragraph, subdivision, section or portion of this ordinance, or the invalidity of the application of it to any person or circumstance will not affect the validity of the remainder of this ordinance, or the validity of its application to other persons or circumstances. Section 4. Effective date. This Ordinance will take effect and be in force five days from and after its passage, approval and publication as provided by law. INTRODUCED: NOV 1 8 2019 PASSED: NOV 1 8 2019 APPROVED: NOV 1 8 2019 i\C NANCY CKUS, MAYOR Ordinance No. 6750 November 18, 2019 Page 2 of 3 ATTEST: Shawn Campbell, MMC, City Clerk APPRO D AS TO FORM: ii iii 4V ikal Steven L. Gross, City Attorney Published: 1TV t/4L✓9-11?0 40/4/1/1)11).65 Ordinance No. 6750 November 18, 2019 Page 3 of 3 CITY OF * uInteroffice Memorandum V WASHINGTON To: City Council From: Jamie Thomas, Finance Director CC: Nancy Backus, Mayor Date: November 5, 2020 Re: 2020 Property Tax Ordinance No. 6750 Attached is proposed Ordinance No.6750, establishing the 2020 Property Tax Levy. The 2020 Property Tax Levy is based upon preliminary information from King County as of November 5, 2019, and represents an increase over the 2019 levy of$218,909, not including new construction and the refund levy. The estimated increase on new construction is$243,119 and the refund levy is$15,228. King County will not finalize the City's assessed valuation (AV)and new construction until December therefore the levy will be based upon preliminary information as it is scheduled for Council adoption on November 18, 2019. The following table summarizes the 2020 Property Tax levy: Table 1. 2020 Property Tax Levy Calculations 2019 property tax levy $ 21,890,932 1.000% increase 218,909 Estimated new construction 243,119 Estimated refund levy 15,228 Estimated Property Tax Levy I $ 22,368,188 As of this date the County has preliminarily established the 2020 assessed valuation (including estimated new construction)for the City of Auburn at$12.334 billion which is an 8.1%increase over the 2019 level of $11.414 billion. The total 2020 Property Tax Levy will be distributed to the General Fund to support general governmental operations. Attachments: •0 1. Ordinance No.6750 AUBURN * MORE THAN YOU IMAGINED