839 Finance and Set Ad ValoremCity of Yelm
Ordinance No. 839
(RCW 84.55.120)
AN ORDINANCE relating to finance and setting the amount fixed as
Ad Valorem for the regular levy of property tax necessary to raise
revenues for essential expenditures for the City of Yelm for the fiscal
year 2006.
WHEREAS, the City Council of the City of Yelm met and considered its
budget for the calendar year 2006; and
WHEREAS, a duly advertised public hearing to consider the 2006 regular
property tax levy rate was held as part of the regular city council meeting on
Wednesday, November 9, 2005;
NOW THEREFORE, the City Council of the City of Yelm do ordain as
follows:
Section 1. An increase in the regular property tax levy, is hereby
authorized for the 2006 levy in the amount of 7 990.03 which
is an increase of 1 % from the previous year. This increase is
exclusive of additional revenue resulting from new construction,
improvements to property, any increase in the value of state
assessed property, any annexations that have occurred and
refunds made.
Section 2. For the fiscal year beginning January 1 and ending December 31
of 2006, the Yelm City Council hereby levies the prior year's tax
rate of $2.559083291298 per thousand dollars of assessed
valuation to new construction and added improvement values of
$22,939,080 as determined by the Thurston County Assessor,
yielding an additional $58,703.02 in taxes for New Construction
and added Improvement Values.
Section 3. State Assessed Utility Value changes have not been determined
at this time.
Section 4. A Certified Budget request or estimate is filed with the County
Legislative Authority, separate from this ordinance. As required by
RCW 84.52.020, that filing certifies the total amount to be levied
by the regular property tax levy on the Department of Revenue
provided form for this purpose, REV 64 0100, "Levy
Certification". Certification is made in a manner prescribed by the
County Legislative Authority.
Section 5. Effective Date: This ordinance shall become effective five days
following passage, approval and publication as provided by law.
Ordinance 839 Page 1 of 2
Section 6. Severability. If any section, subsection, paragraph, sentence,
clause, or phrase of this ordinance is declared unconstitutional
or invalid for any reason, such decision shall not affect the
validity of the remaining portion of this ordinance.
ADOPTED this 9~ day of November, 2005
Har~'tng; Mayor Pro T
Councilmember
Authenticated:
f~,
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A s P. Bennick, City Clerk
. - .~:~-
ouncilmember
PUBLISHED: Nisqually Valley News, November 18, 2005
Ordinance 839 Page 2 of 2