Washington Administrative Code
Title 458 - Revenue, Department of
Chapter 458-19 - Property tax levies, rates, and limits
Section 458-19-030 - Levy limit-Consolidation of districts
Current through Register Vol. 23-24, December 15, 2023
(1) Introduction. This rule describes the method used to calculate the first levy for a taxing district created by the consolidation of similar taxing districts in accordance with RCW 84.55.020.
(2) Calculation of the first levy of a consolidated taxing district. The first regular property tax levy made by a taxing district, created by the consolidation of two or more similar taxing districts, cannot exceed:
(3) Example. Taxing district "A" and taxing district "B" consolidate, becoming one taxing district. The highest amount of regular property taxes district "A" could have levied under RCW 84.55.092 is $100,000. The highest amount of regular property taxes district "B" could have levied under RCW 84.55.092 is $150,000. The increase in assessed value due to amounts from subsection (2)(b)(i) through (v) of this rule in district "A" since the year prior to consolidation was $600,000. The increase in assessed value due to amounts from subsection (2)(b)(i) through (v) of this rule in district "B" since the year prior to consolidation was $900,000. The regular property tax rate for district "A" in the year prior to consolidation was $0.50 per $1,000 of assessed value. The regular property tax rate for district "B" in the year prior to consolidation was $0.45 per $1,000 of assessed value. Assume the limit factor for this example is 101 percent because it is the lesser of 101 percent and 100 percent plus the rate of inflation. The maximum amount of regular property taxes that can be levied in the year of consolidation, for taxes payable the following year, by the new consolidated taxing district is calculated as follows:
Highest regular levy |
|
District "A" - |
$100,000 |
District "B" - |
150,000 |
Total - |
$250,000 x 1.01 = $252,500 |
Increases in assessed value multiplied by levy rate:
District "A" - $600,000 x $0.50 ÷ $1,000 |
= $300 |
District "B" - $900,000 x $0.45 ÷ $1,000 |
= $405 $705 |
Maximum regular property taxes that can be levied in the year of consolidation, payable in the year following consolidation:
$252,500 + $705 = $253,205
Amended by WSR 15-03-087, Filed 1/21/2015, effective 2/21/2015
Amended by WSR 23-23-067, Filed 11/9/2023, effective 12/10/2023
Statutory Authority: RCW 84.08.010, 84.08.070, 84.48.080, 84.55.060, 84.52.0502, chapters 84.52 and 84.55 RCW, and RCW 34.05.230(1). 02-24-015, § 458-19-030, filed 11/25/02, effective 12/26/02. Statutory Authority: RCW 84.55.060 and 84.08.070. 94-07-066, § 458-19-030, filed 3/14/94, effective 4/14/94.