Why a glossary? When Politicians think up new taxes, they often employ
complicated terms. Why? Unfamiliar terminology confuses tax payers. Politicians
understand that a confused tax payer lacks the tools for questioning run-a-way
taxes. |
- What are: Regular Taxes?
- Taxes IMPOSED WITHOUT
specific VOTER APPROVAL. These taxes are imposed on a yearly basis.
REGULAR TAXES are the following: STATE PROPERTY TAXES: COUNTY TAXES: CITY
GENERAL EXPENSE TAXES: COUNTY ROAD TAXES: plus library, fire, and hospital
district taxes.
- What are: Voter Approved Regular Property Taxes
or Levies?
- State statutes require
VOTER APPROVAL of certain REGULAR PROPERTY TAXES. Such taxes are ABOVE or
OUTSIDE (that means more) of the one percent constitutional property tax rate
limit. These include taxes or levies for conservation futures,
affordable housing and emergency medical services.
- What are: Levies?
- The word LEVIES is a
great example of politicians employing unfamiliar terminology hoping to confuse
tax payers. Check a dictionary: "Levied, to impose or collect (a tax,
tribute, fine, etc.)" Remember, any LEVY, or any TAX, takes MONEY from YOUR
pocket!
- What are: Excess Levies?
- Any tax imposed above
the one percent limit is called an "EXCESS LEVY." Why? Because they are
voter approved in excess of the ONE PERCENT CONSTITUTIONAL LIMIT. School
maintenance and operation levies and levies to pay bonded debt
are the most common excess property levies (think
taxes.)
- What is: The 1% constitutional
limit?
- A legal limitation on
property taxes established by the 17th amendment to the Washington State
Constitution in 1972. See: Article 7, Section 2 of the Constitution
[1] and RCW 84.52.050.
[2] This requires that the aggregate of all
REGULAR PROPERTY TAXES be limited to a maximum of $10.00 per $1,000 (that's 1%
a year) of "the true and fair market value" of a property.
- Are taxes on MY home limited?
- Only part of your
property tax is LIMITED by the constitutional property tax limit and RCW
84.52.050. EXCLUDED from limits are levies for ports, public
utility districts, and Excess Levies.
- Are YOU protected?
- Well --- kind'a,
HOWEVER, all of the above applies ONLY to a TOTAL taxing district budget
and NOT to an individual property owner. RCW 84.55.010.[3]
- So -- who REALLY sets the tax rate on my
home?
- Study the tax laws.
Notice that politicians love the term "true and fair market value." Why?
Because YOUR taxes are cooked up by the real estate market and your County Tax
Assessor.
[1] return
http://www.courts.wa.gov/education/constitution/article07.cfm
[2] return http://www.mrsc.org/mc/_toc/rcw.htm
[3] return http://www.kitsapgov.com/assr/levies.htm
|
AlAll
information be it text, graphics or links displayed on this web page are
provided as a convenience. Such information is provided with NO guarantee
regarding the accuracy, or completeness of the information be it text, graphics
or links and other items contained on this server or any other server.
Copyright 1997-2002 All Rights Reserved. Reproduction or storage of this
information is encouraged. This page last modified on
10/20/2002 |
|