Resolution/ordinance Procedures For Increasing Property Tax Revenue Sample Forms printable pdf download

Resolution/ordinance Procedures For Increasing Property Tax Revenue Sample Forms

Resolution/Ordinance

Procedures for Increasing

Property Tax Revenue

Taxing Districts with a Population of Less Than 10,000

By adopting a resolution/ordinance, the district is allowed to increase its budget by up

to one percent from the highest lawful levy since 1985.

“No increase

in property tax

The resolution/ordinance must specifically state the increase (not the budget amount)

revenue…may

in terms of both dollars and percentage.

be authorized

by a taxing

It may cover a period of up to two years, but it must specifically state for each year

district, other

the dollar and percentage change from the previous year.

than the state,

except by

Prior to the resolution’s/ordinance’s adoption, each taxing district must hold a public

adoption of a

separate

hearing to discuss the following year’s current expense budget. The hearing must

ordinance or

include discussion on the possibility of an increase in property tax revenues.

resolution…

specifically

The governing board of the taxing district must approve the resolution/ordinance by a

authorizing the

majority vote of the board.

increase…”

(RCW84.55.120).

Send a copy of the resolution to the County Assessor.

Taxing Districts with a Population of 10,000 or More

By adopting a resolution/ordinance, the district is allowed to increase its budget by up

to the Implicit Price Deflator (IPD) or one percent, whichever is lower, from the

highest lawful levy since 1985. The resolution/ordinance must be approved by a

majority of the governing board.

In the case that the IPD is less than one percent, to raise the levy to one percent or to

bank excess levy capacity, a second resolution/ordinance must be adopted. If the

governing board has four members or less, the resolution/ordinance must be approved

by two-thirds of the board. If the board has more than four members, a majority plus

one vote is required.

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Resolution/ordinance Procedures For Increasing Property Tax Revenue Sample Forms