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3865 Property Tax Resolution and Calculation WorksheetRESOLUTION 3865 A RESOLUTION FIXING AND LEVYING THE AMOUNT OF AD VALOREM TAXES NECESSARY TO DISCHARGE THE EXPECTED EXPENSES AND OBLIGTATIONS FOR THE 2022 BUGDET FOR THE CITY OF MOSES LAKE Whereas, RCW 84.52 requires the governing body of the City of Moses Lake to fix the estimated amount to be raised by taxation on assessed valuation on property within the City of Moses Lake; and Whereas, The City of Moses Lake’s highest actual levy amount occurred in 2011 and was $10,222,995; and Whereas, The City is allowed by law to increase its tax levy by 1% over the highest levy amount it has ever received since 1985, which would establish a limit of $10,325,185; and Whereas, The City of Moses Lake’s actual levy amount from the previous year, 2021, was $7,721,193; and Whereas, the City of Moses Lake has a population of more than 10,000; and Whereas, a Public Hearing was held, with notice duly provided, to consider the City’s current expense budget for the 2022 calendar year pursuant to RCW 84.55.120; and Whereas, the City Council of the City of Moses Lake, after hearing and duly considering all relevant evidence and testimony presented, has determined that the City requires an increase in property tax revenue from the previous year, resulting from the limit factor, along with the addition of new construction and improvements to property and any increase in the value of state-assessed property and any increase due to the annexation of new territory and refunds made, in order to discharge the expected expenses and obligations of the City; now, therefore BE IT RESOLVED BY THE CITY OF MOSES LAKE CITY COUNCIL: Section 1. The following increases in the regular property tax levy, over the amount of the previous year’s levy, are hereby authorized to be cumulatively levied for collection in 2021: A. A discretionary increase of $102,230, attributable to the inflation factor which is a percentage increase of 1.0% over the highest amount levied for collection since 1985 which was $10,222,955 in 2011; plus B. An estimated increase of $1,569 for recent annexations; plus C. An estimated increase of $191,500 for new construction and improvements to property; plus D. An estimated increase of $25,000 for a refund levy; plus E. An increase authorized by state law for state-assessed property values. Section 2. There is hereby fixed to be raised by general property taxes upon real and personal property within the City of Moses Lake the amount of $8,231,496 for general municipal purposes, including Firemen’s Relief and Pension. Document Ref: T9GME-MRFBG-BFVAZ-W8MAC Page 1 of 3 Section 3. The City Clerk is directed to transmit and file a certified copy of this resolution with the Board of Grant County Commissioners and the Grant County Assessor on or before November 30, 2021. Section 4. This resolution shall take effect January 1, 2022. ADOPTED BY THE CITY COUNCIL, and signed and approved this 9th day of November, 2021. ______________________________________ David Curnel, Mayor ATTEST: ____________________________ Debbie Burke, City Clerk Document Ref: T9GME-MRFBG-BFVAZ-W8MAC Page 2 of 3 2021 Tax 2022AssessedRateLevyValuesAppliedDollars($s in Thousands)(estimate) Prior Year (2021) = Base 2,430,082.08$ 3.17734$ 7,721,197$ Levy Limit-1.0% increase from 2011 levy -$10,222,955 102,230 Base-101%7,823,427 Valuation Change -- (1.25%)30,476.32 0 New Construction (2.45%)59,441.60 3.22165$ 191,500 State Assessed Value- (still unknown) Tax Limit Before Annexation 2,520,000.00 3.22165 8,014,927 Add for Annexation 487,115.00 3.22165 1,569 Limit for Subsequent Year 3,007,115.00 3.22165 8,016,496 Plus: Refunds (estimate)25,000 Plus: Contingency 190,000 Total Ordinance 2.73734 8,231,496$ Assessed Valuation 3,007,115.000$ 3.82500$ 11,502,215$ Less: Library Levy (Estimate 0.375 1,127,668 Maximum 2020 Levy for Collection in 2021(Estimate)3.450$ 10,374,547 Total Levy Calculation 8,041,496$ Less: Potential uncollectible levy (estimate)350,000 Estimate to collect 7,691,496$ Budget Estimate (Basically 2020 Actual)7,700,000$ State of Washington Constitutional Limit City of Moses Lake Property Tax Limitation Calculation Budget Estimate Document Ref: T9GME-MRFBG-BFVAZ-W8MAC Page 3 of 3 Signature Certificate Document Ref.: T9GME-MRFBG-BFVAZ-W8MAC Document signed by: Mayor David Curnel E-mail: dcurnel@cityofml.com Signed via link IP: 63.142.221.35 Date: 11 Nov 2021 15:44:03 UTC Debbie Burke Verified E-mail:dburke@cityofml.com IP: 63.135.54.162 Date: 15 Nov 2021 17:56:26 UTC Document completed by all parties on: 15 Nov 2021 17:56:26 UTC Page 1 of 1 Signed with PandaDoc.com PandaDoc is a document workflow and certified eSignature solution trusted by 25,000+ companies worldwide.