885 Ad Valorem 2008City of Yelm
Ordinance No. 885
(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 2008.
WHEREAS, the City Council of the City of Yelm met and considered its
budget for the calendar year 2008; and
WHEREAS, a duly advertised public hearing to consider the 2008 regular
property tax levy rate was held as part of the regular city council meeting on
Tuesday, November 13, 2007;
NOW THEREFORE, the City Council of the City of Yelm do ordain as
follows:
Section 1. The Yelm City Council determined that the City of Yelm
requires a regular levy in the amount of $1,211,375.86, which
includes an increase in property tax revenue from the previous
year, and amounts resulting from the addition of new
construction and improvements to property and any increase in
the value of state-assessed property, and amounts authorized
by law as a result of any annexations that have occurred and
refunds made, in order to discharge the expected expenses
and obligations of the district and in its best interest.
Section 2. An increase in the regular property tax levy is hereby
authorized for the 2008 levy in the amount of $10,083.82 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 3. For the fiscal year beginning January 1 and ending December 31
of 2008, the Yelm City Council hereby levies the prior year's tax
rate of $2.13460353 per thousand dollars of assessed valuation to
new construction and added improvement values of $94,990,500
as determined by the Thurston County Assessor, yielding
$202,767.06 in taxes for New Construction and added
Improvement Values.
Section 4. State Assessed Utility Value changes have not been determined
at this time and are estimated at a one percent increase of
$126.68.
Legal/2007/885 Page 1 of 2
Section 5. 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 6. Effective Date: This ordinance shall become effective five days
following passage, approval and publication as provided by law.
Section 7. 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 13t-" day of November, 2007.
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Authenticated:
anine Schnepf, City CIS <
PUBLISHED: Nisqually Valley News, November 23, 2007
Legal/2007!885 Page 2 of 2
Return Original and one copy by: November 30
ORIGINAL TO: THURSTON COUNTY BOARD OF COMMISSIONERS
ATTN: La BONITA BOWMAR, CLERK OF THE BOARD
2000 LAKERIDGE DR. S.W., BUILDING 1
OLYMPIA, WA. 98502
ONE COPY TO: THURSTON COUNTY ASSESSOR'S OFFICE
ATTN: LINDA REBIC, RATE SPECIALIST (360-786-5413)
2000 LAKERIDGE DR. S.W., BUILDING 1
OLYMPIA, WA. 98502
LEVY CERTIFICATION
STATE OF WASHINGTON
COUNTY OF THURSTON
In accordance with RCW 84.52.020, I, Tanya Robacker ,Finance & Administrative Services
Director, for the City of Yelm, do hereby certify to the Thurston County legislative authority that
the Yelm City Council of said district requests that the following levy amounts be collected in
2008 as provided in the district's budget, which was adopted at a public hearing held on
December 11, 2007:
Regular Levy:
Excess Levy:
Administrative Refund Levy:
~ 1,211,375.86
State the dollar amount to be levied.)
(State the dollar amount to be levied.)
_~~
Signature: Date: ~~ 9 ~ ~
H:\BUDGET12008\Property TAX\Thurs Co Ad Valorem Levy Cert-BOCC.doc