Can a county raise its regular general fund (current expense) levy rate above $1.80?Ī county can raise its general fund levy rate up to $2.475 per $1,000 AV, provided the total of the levy rates for the general fund and road fund do not exceed $4.05 per $1,000 AV and the increase in the general fund levy does not result in a reduction in the levy of any other taxing district through prorationing.
#Kitsap county parcel search manual
Which levies are lowered in prorationing, by how much and in what order, depends upon whether the $5.90 limit or the 1% limit has been exceeded. The Department of Revenue Property Tax Levies Operations Manual and WAC 458-19-075 include step by step instructions for calculating prorationing. The Department of Revenue has developed Prorationing Worksheets for both the $5.90 Aggregate Limit ( REV 64 0097) and the 1% Aggregate Limit ( REV 64 0096) to help in making these calculations. If either of those limits are exceeded, then the junior taxing district levies involved must be reduced through prorationing. The other is the $5.90 limit on cities, counties and junior taxing districts.Special Considerations Relating to Levy Rate Limitations What if the sum of the levy rates imposed by the various taxing authorities goes over the limit? The aggregate limit for cities, counties and most special districts is $5.90 per $1,000 assessed value. The following chart shows how the $10 limit is allocated. Taxes imposed under this limit are termed "regular" levies, while those outside the limit are "excess" or "special" levies. Since tax rates are stated in terms of dollars per $1,000 of value, the 1% limit is the same as $10 per $1,000 and is often referred to as the $10 limit. The Washington State Constitution limits the annual rate of property taxes that may be imposed on an individual parcel of property to 1% of its true and fair value. The property tax levy is constrained by the overall limits on the regular levy rate and the limit on annual levy increases. Levy Amount ÷ Assessed Value (000s) = Levy Rate (per $1,000 AV) Under the budget-based system, a taxing district establishes its desired levy amount first (subject to several restrictions), and then the assessed valuation is used to calculate the subsequent levy rate that property owners must pay.