2013–2014 BIENNIAL BUDGET - the City of Tukwila

2013-2014 Biennial Budget City of Tukwila, WashingtonSales and Use Tax by Year(Darker shaded boxes represent budget estimates)20Sales and Use Taxes15Millions1052010 2011 2012 2013 2014Property Tax (RCW 84.52)Property tax revenue is the City’s second largest revenue source at $13.8 million in 2013 and $14.3million in 2014, or 23.2% of the total general fund revenue in 2013 and 25.4% in 2014, and is used forgeneral governmental operations including Police, Public Works Department, Parks, and administrativesupport. The City receives 24% of the property taxes paid by Tukwila property owners. Property taxrevenue is anticipated to increase in 2014 by 3.4%.The City of Tukwila will levy a tax rate of approximately $2.98 per $1,000 assessed value for 2013. TheCity receives a relatively small percentage of a property owner’s tax bill (24%). In comparison, theTukwila School District and WA State taken together account for 62% of the property tax bill, Port ofSeattle, EMS, Flood Control, and Hospital District receive 4%, and the King County Library District gets5%. Property taxes are distributed to the following jurisdictions:2012 Assessed Valueper $1,000 Assessed Value (AV)Property Tax RateGovernment Agency AV Percent of TotalCity of Tukwila $ 2.9524.1%WA State 2.42 19.8%King County Library 0.57 4.7%Port of Seattle 0.23 1.9%Emergency Medical Service 0.30 2.5%Tukwila School District 5.15 42.1%Flood Control 0.12 1.0%Hospital District 0.50 4.1%Total $ 12.24100%Page 60