2009-10 Adopted Budget - City of Hoquiam

CITY OF HOQUIAMASSESSED VALUE AND LEVY LIMIT PROJECTIONSEstimated 2010 Regular, EMS, and Special LeviesPer Staff EstimatesYear 2009 Property Tax/Assessed Value and RatesAmount2008 AV for 2009 Collections: 432,596,7102008 AV for 2009 Collections - Special Levy: 430,955,4811. 2009 Regular Levy amount: $1,410,3542009 Property Tax Regular Levy Rate (Derived): $3.26022. 2009 EMS Levy Amount: $195,8822009 EMS Levy Rate (Derived): $0.45283. 2009 Assessment for Fire Equipment $0Fire Equipment Voted Levy: $0.00004. 2009 Assessment Refunding Bond Levy: $0Refunding Bond Levy Rate (Derived) $0.0000A. Proposed Regular Property Tax Rate for 2010 AmountEstimated 2009 AV for 2010 Collections: $433,596,7101. 2009 General tax levy 1,410,3542. Calculation of Tax Revenue from New Construction:PLUS Current Year's AV for new Construction 1,000,000MULTIPLIED BY Last Year's Levy Rate: 3.2602EQUALS Property Tax from New Construction: 3,2603. Calculation of Tax Revenue from recommended increase:PLUS 2009 General Tax Levy 1,410,354MULTIPLIED BY Requesting increase rate: 1.0%EQUALS: Requested Property Tax Increase from Current Base: 14,1044. Calculation of 2010 General Tax Levy:2009 General Tax Levy (#1) 1,410,354PLUS: Property Tax from New Construction: 3,260PLUS: Property Tax increase from current base: 14,104EQUALS: 2010 Recommended Regular Tax Levy Revenue $1,427,7185. Calculation of 2010 Regular Property Tax Levy Rate:2009 Regular Tax Levy $1,427,718DIVIDED BY 2009 A.V./$1,000 (Rate is per $1,000 of a.v.): 433,596,710EQUALS: 2010 Regular Property Tax Rate (Estimated): $3.2927B. EMS Levy for 2010 AmountEstimated 2009 AV for 2010Collections - Regular Levies 433,596,710Voter Approved EMS Levy Rate per $1,000 AV (fixed). $0.4573Estimated 2010 EMS Tax Levy Revenue: $198,293C. Special Levy for Fire Equipment AmountEQUALS 2009 AV for 2010 Collections - Special Levy: 430,955,481Special Levy Tax Rate per $1000 Assessed Value: $0.0000EQUALS: 2010 Assessment - Special Levy: $0D. Special Levy for Refunding AmountEQUALS 2009 AV for 2010 Collections - Special Levy: 430,955,181Special Levy Tax Rate per $1000 Assessed Value: $0.0000EQUALS: 2010 Assessment - Special Levy: $048