§ 84.55.020. Limitation upon first levy for district created from consolidation
Notwithstanding the limitation set forth in RCW 84.55.010, the first levy for a taxing district created from consolidation of similar taxing districts shall be set so that the regular property taxes payable in the following year shall not exceed the limit factor multiplied by the sum of the amount of regular property taxes lawfully levied for each component taxing district in the highest of the three most recent years in which such taxes were levied for such district plus the additional dollar amount calculated by multiplying the increase in assessed value in each component district resulting from new construction, increases in assessed value due to construction of electric generation wind turbine facilities classified as personal property, improvements to property, and any increase in the assessed value of state-assessed property by the regular property tax rate of each component district for the preceding year.
[2006 c 184 § 3; 1997 c 3 § 203 (Referendum Bill No. 47, approved November 4, 1997); 1971 ex.s. c 288 § 21.]
Notes:
Intent -- 1997 c 3 § § 201-207: See note following RCW 84.55.010.
Application -- Severability -- Part headings not law -- Referral to electorate -- 1997 c 3: See notes following RCW 84.40.030.
Savings -- Severability -- 1971 ex.s. c 288: See notes following RCW 84.40.030.
Sections: Previous 84.55.005 84.55.010 84.55.0101 84.55.015 84.55.020 84.55.030 84.55.035 84.55.040 84.55.045 84.55.047 84.55.050 84.55.060 84.55.070 84.55.080 84.55.092 Next
Last modified: April 7, 2009