Wash. Rev. Code § 84.55.020

Current through the 2024 Regular Session

Section 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 must be set so that the regular property taxes payable in the following year do not exceed the limit factor multiplied by the sum of the amount of regular property taxes each component taxing district could have levied under RCW 84.55.092 plus the additional dollar amount calculated by multiplying the regular property tax rate of each component district for the preceding year by the increase in assessed value in each component district resulting from:

(1) New construction;

(2) Increases in assessed value due to construction of wind turbine, solar, biomass, and geothermal facilities, if such facilities generate electricity and the property is not included elsewhere under this section for purposes of providing an additional dollar amount. The property may be classified as real or personal property;

(3) Improvements to property;

(4) Any increase in the assessed value of state-assessed property; and

(5) Any increase in the assessed value of real property, as defined in RCW 39.114.010, within an increment area as designated by any local government under RCW 39.114.020 if the increase is not included elsewhere under this section. This subsection (5) does not apply to levies by the state or by port districts and public utility districts for the purpose of making required payments of principal and interest on general indebtedness.

RCW 84.55.020

Amended by 2023 c 28,§ 9, eff. 7/23/2023, applicable to taxes levied for collection in 2024 and thereafter.

Amended by 2023 c 354,§ 5, eff. 5/9/2023.

Amended by 2014 c 4,§ 3, eff. 6/12/2014, applicable to taxes levied for collection in 2015 and thereafter.

2006 c 184 § 3; 1997 c 3 § 203 (Referendum Bill No. 47, approved November 4, 1997); 1971 ex.s. c 288 § 21.

Reviser's note: This section was amended by 2023 c 28 s 9 and by 2023 c 354 s 5, each without reference to the other. Both amendments are incorporated in the publication of this section under RCW 1.12.025(2). For rule of construction, see RCW 1.12.025(1).

Effective date- 2023 c 354 : See note following RCW 39.114.010.

Application- 2023 c 28 s s 2 and 7-9: See note following RCW 84.40.370.

Application- 2014 c 4 : See note following RCW 84.55.010.

Intent-1997 c 3 ss 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.