Resolution/ordinance Procedures For Increasing Property Tax Revenue Sample Forms (Page 4 of 4) in pdf

Resolution/ordinance Procedures For Increasing Property Tax Revenue Sample Forms Page 4

Example Resolution #2 Continued...

The following resolution/ordinances must be passed by a majority of the district’s

governing board to increase the levy by the IPD:

Whereas, the Board of Commissioners of ______ Taxing District, after hearing

and after duly considering all relevant evidence and testimony presented,

determined that ______ Taxing District requires an increase in property tax

revenue from the previous year, in addition to that resulting from the addition of

new construction and improvements to property and any increase in the value of

state-assessed property, in order to discharge the expected expenses and

obligations of the district and in its best interest; now therefore, be it

Resolved, by the Board of Commissioners of ______ Taxing District that an

increase in the regular property tax levy, in addition to the increase resulting from

the addition of new construction and improvements to property and any increase

in the value of state assessed property, is hereby authorized for the ____ levy in

the amount of $4,335 which is a percentage increase of .85% from the previous

year.

Note that the increase is stated, not the budget amount.

Because the IPD is less than 1%, a second resolution needs to be passed in order to

bank the excess capacity or to levy the full 1%. Without a second resolution, the district

may only increase its levy by the IPD, which is .85% in this example. If the IPD were

1% or greater, a second resolution would not be needed because the maximum increase

is 1%. A resolution showing substantial need must be passed by a super-majority of the

governing board:

Whereas, the Board of Commissioners of ______ Taxing District, has determined

that, due to ___________________________________(substantial need) the

Board of Commissioners finds that there is a need to increase the budget by .85%

and a substantial need to set the levy limit at 1% to ensure adequate funding for

this purpose in future years.

Note that only the percentage is needed in the second resolution.

For more information, please contact the Washington State Department of Revenue,

Property Tax Division 360-570-5864

To inquire about the availability of this document in an alternate format for

the visually impaired, please call (360) 486-2342. Teletype (TTY) users

please call 800-451-7985.

F0024 10/02

Prepared by the Taxpayer Services Division

Printed on recycled paper

Resolution/ordinance Procedures For Increasing Property Tax Revenue Sample Forms Page 4