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Ordinance No. 2024-23 Relating to the Levy of Property Taxes for Collection in 2025 (Approved 100824)Page 1 of 2 ORDINANCE NO. 2024-23 AN ORDINANCE of the City of Bainbridge Island, Washington, relating to the levy of property taxes for the City of Bainbridge Island for the fiscal year commencing January 1, 2025, on all real and personal property within the City that is subject to taxation; levying general property taxes for the purpose of providing sufficient revenue to carry on the usual activities of the City as required by law. WHEREAS, the City Council of Bainbridge Island has considered the financial requirements of the City for 2024 as set forth in the 2025-2026 Adopted Biennial Budget that has been provided by the City Manager to the City Council, and the amounts necessary and available to be raised by ad valorem taxes on real, personal, and utility property which are included therein; and WHEREAS, the population of the City is greater than 10,000; and WHEREAS, the City Council properly provided notice of and conducted the public hearing on October 8, 2024, to consider the City’s revenue sources for the City’s 2024 General Fund budget; and WHEREAS, the previous year’s actual levy was $8,474,735; and WHEREAS, the City Council, after hearing and duly considering the relevant information and testimony presented, has determined that the City requires an increase in property tax revenue from the previous year equal to 1% percent of the amount levied for collection in 2024 as authorized by Chapter 84.55 RCW (see, e.g., RCW 84.55.005, RCW 84.55.010), in addition to the increase resulting from the addition of new construction and improvements to property and any increase in the value of state-assessed property, in order to discharge the expected expenses and obligations of the City and in its best interest. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF BAINBRIDGE ISLAND, DOES ORDAIN AS FOLLOWS: Section 1. The 2024 regular property tax levy for collection in 2025 is declared to be the previous year’s levy of $8,474,735 plus an increase of $62,431, which was an increase of 0.73667 percent, plus an increase equal to the amount allowed under the new construction provisions of RCW 84.55.010 of $47,028, and any increase in the value of state-assessed property, as well as any additional amounts resulting from any refunds made of $34,357. The estimated total based on the figures provided by the Kitsap County Assessor’s Office at this point is $8,618,551. Section 2. This ordinance shall be certified to the proper Kitsap County officials, as provided by law. The taxes levied in this ordinance shall be collected and paid to the Director of Finance and Administrative Services of the City of Bainbridge Island at the time and in the Page 2 of 2 manner provided by the laws of the State of Washington for the collection of taxes for non- charter code cities. Section 3. Severability. Should any section, paragraph, sentence, clause, or phrase of this ordinance, or its application to any person or circumstance, be declared unconstitutional or otherwise invalid for any reason, or should any portion of this ordinance be preempted by state or federal law or regulation, such decision or preemption shall not affect the validity of the remaining portions of this ordinance or its application to other persons or circumstances. Section 4. This ordinance shall take effect on January 1, 2025, after its passage, approval, and publication as required by law. PASSED by the City Council this 8th day of October, 2024. APPROVED by the Mayor this 8th day of October, 2024. Joe Deets, Mayor ATTEST/AUTHENTICATE: Christine Brown, MMC, City Clerk FILED WITH THE CITY CLERK September 6, 2024 PASSED BY THE CITY COUNCIL October 8, 2024 PUBLISHED: October 11, 2024 EFFECTIVE DATE: January 1, 2025 ORDINANCE NO: 2024-23