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Home My WebLink AboutOrdinance 4429 ` ORDINANCE NO. 4429 y AN ORDINANCE LEVYING A TAX ON THE REAL AND PERSONAL PROPERTY WITHIN THE CITY OF FAYETTEVILLE, ARKANSAS, FOR THE YEAR 2002 FIXING THE RATE THEREOF AT 0.4 MILS FOR THE FIREMEN'S PENSION AND RELIEF FUND, 0.4 MILS FOR THE POLICEMEN'S PENSION AND RELIEF FUND AND 1 .0 MIL FOR THE FAYETTEVILLE CITY LIBRARY; AND CERTIFYING THE SAME TO THE COUNTY CLERK OF WASHINGTON COUNTY, ARKANSAS BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS: Section 1 . That a tax is hereby levied on the real and personal property within the City of Fayetteville, Arkansas, for the year 2002, to be collected in 2003 , for the:,, following purposes at the following rates: CR R' b � a REAL AND PERSONAL PROPERTY c a � Ni d 07 Purpose Puose Ler- T" z vZD z 40 a m t Fayetteville City Library 1 .0 mils !0 c =' Policemen's Pension Fund 0.4 mils m D Firemen' s Pension Fund 0.4 mils N s m TOTAL 1 . 8 mils Section 2. That the real and personal property tax so levied and the rates provided therefore are hereby certified to the Clerk of Washington County, Arkansas, to be placed in the tax book by the County Clerk and collected in the same manner that the county and school district taxes are collected. Section 3 . The City Clerk is hereby authorized and directed to file certified copies of this ordinance in the office of the County Recorder, County Clerk, County Assessor, and the County Tax Collector for Washington County, Arkansas. Section 4. That the 1 .0 mil levied above for operation of the Fayetteville City Library replaces the 1 .0 mil county library tax formerly levied on property within the City of Fayetteville and is not an additional mil. PASSED and APPROVED this the 15`h day of October, 2002. APPROV By: N COODY, May ATTEST: rE > > `v BY: a• ry�y � ' : �, Bather Woodr -f , City Cl 4 i NAME OF FILE: Ordinance No. 4429 CROSS REFERENCE: Item # Date Document 1 10/15/02 Ordinance # 4429 2 09/27/02 Staff Review Form 3 10/23/02 Memo from Heather Woodruff, City Clerk to Kevin Springer, Budget and Research NOTES : WASHINGTON COUNTY RECEIVED STATE OF ARKANSAS SEP 2 6 2002 Washington County Courthouse 280 North College Avenue, Suite 300 CITY OF FATc (EVILLE Fayetteville, Arkansas 72701 CITY CLERK'S OFFICE Telephone: (501 ) 4441711 MARILYN EDWARDS Fax: (501 ) 4441894 COUNTY AND PROBATE CLERK City Clerk / y&&Zl Dear Clerk: Please submit the tax levy figures for your City for the year 2002. The Quorum Court meets on November 14th. I need this information as soon as possible. Please give us the total levy figure and complete breakdown of tax in the space provided below. This information must be provided on this form. Sincerely yours, Marilyn Edwards, County Clerk i cv o to B '�pu/ Deputy County Clerk w a O Z Cn — e r z > rn ar^ i • c7 �_ > M a � rn CT) M1 TOTAL 1 R : MILLS BREAKDOWN 1 . 0 mils Fayetteville City Library 0 . 4 mils Policemen ' s Pension Fund 0 . 4 mile, Firemen's _ Pension Fund SI ATURE AND TITLE OF PERSM AUTHOPM TO SUBMIT TAX WASHINGTON COUNTY RECEIVED STATE OF ARKANSAS Washington County Courthouse SEP 2 6 2002 280 North College Avenue, Suite 300 CITY OF FavcTl'EYILLE Fayetteville, Arkansas 72701 CITY CLERK'S OFFICE Telephone: (501 ) 4441711 MARILYN EDWARDS Fax: (501 ) 4441894 COUNTY AND PROBATE CLERK City Clerk Dear Clerk: Please submit the tax levy figures for your City for the year 2002. The Quorum Court meets on November 14th. I need this information as soon as possible. Please give us the total levy figure and complete breakdown of tax in the space provided below. This information must be provided on this form. Sincerely yours, Marilyn Edwards, County Clerk Deputy County Clerk . TOTAL ) s : MILLS BREAKDOWN 1 , 0 mils Fayetteville City Library 0 . 4 mils Policemen' s Pension Fund 0 . 4 mils Firemen' s . Pension Fund SI ATURE AND TITLE OF PERSiM AuTHogATb TO SUBMIT TAX STAFF REVIEW FORM • • AGENDA REQUEST CONTRACT REVIEW GRANT REVIEW For the Fayetteville City Council Meeting of : October 15, 2002 FROM: Kevin Springer Budget & Research Administrative Services Name Division Department ACTION REQUIRED : Council Action is requested to adopt real and personal property tax rates for 2002 for Policemen's Pension & Relief and Firemen's Pension & Relief Funds. The rate to be adopted for Policemen's Pension & Relief fund and the Firemen's Pension & Relief Fund is 0.4 mils for real property and 0.4 mils for personal property. The rate to be adopted for Library Operations is 1 .0 mils for real property and 1 .0 mils for personal property. COST TO CITY : N/A $ - Cost of this request Category/Project Budget Program Category / Project Name N /A $ - Account Number Funds Used to Date Program / Project Category Name N/A $ - Project Number Remaining Balance Fund Name BUDGET REVIEW : Budgeted Item Budget Adjustment Attached �/- z G - 6Z. Budget Manag Date Administrative Services Director Date CONTRACT/GRANT/LEASE REVIEW : - 1/AA/ - 46-7/0 � Acct , Manager Date Internal ditor Date 7(6 -z City Attorney Date ADA Coordinator Date Purchasing Manager Date Grant Coordinator Date STAFF RECOMMENDATION : Staff recommends adoption of millage rates. Cross Reference Division Head Date New .Item : Yes No Department Director Date Previous Ord/Res # : 9 . -Z(, , , Orig . Contract Date Admini ative S vices Director Date Orig . Contract Number Mayor Da e ORDINANCE NO. AN ORDINANCE LEVYING A TAX ON THE REAL AND PERSONAL PROPERTY WITHIN THE CITY OF FAYETTEVILLE, ARKANSAS, FOR THE YEAR 2002 FIXING THE RATE THEREOF AT 0.4 MILS FOR THE FIREMEN 'S PENSION AND RELIEF FUND, 0.4 MILS FOR THE POLICEMEN' S PENSION AND RELIEF FUND AND 1 .0 MIL FOR THE FAYETTEVILLE CITY LIBRARY; AND CERTIFYING THE SAME TO THE COUNTY CLERK OF WASHINGTON COUNTY, ARKANSAS BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS: Section 1 . That a tax is hereby levied on the real and personal property within the City of Fayetteville, Arkansas, for the year 2002, to be collected in 2003, for the following purposes at the following rates: REAL AND PERSONAL PROPERTY Purpose Levy Fayetteville City Library 1 .0 mils Policemen's Pension Fund 0.4 mils Firemen's Pension Fund 0.4 mils TOTAL 1 .8 mils Section 2. That the real and personal property tax so levied and the rates provided therefore are hereby certified to the Clerk of Washington County, Arkansas, to be placed in the tax book by the County Clerk and collected in the same manner that the county and school district taxes are collected. Section 3 . The City Clerk is hereby authorized and directed to file certified copies of this ordinance in the office of the County Recorder, County Clerk, County Assessor, and the County Tax Collector for Washington County, Arkansas. Section 4. That the 1 .0 mil levied above for operation of the Fayetteville City Library replaces the 1 .0 mil county library tax formerly levied on property within the City of Fayetteville and is not an additional mil. PASSED and APPROVED this the 15`h day of October, 2002. APPROVED: By: D DAN COODY, Mayor ATTEST: By: Heather Woodruff, City Clerk FAYETTEVWLE THE MY OF FAYETTEVILLE, ARKANSAS DEPARTMENTAL CORRESPONDENCE TO: Fayetteville City Council THRU: Dan Coody, Mayor Steve Davis, Interim Administrative Services Director FROM: Budget & Research DATE: September 24, 2002 SUBJECT: 2002 Millage Levy Each year the City must approve an ordinance to renew the levy of ad valorem taxes on real and personal property within the City. This request will provide for such levy on property assessed during 2002. The total assessed value of real and personal property located within the city limits of Fayetteville, as of September 14, 2002, is approximately $668 million. The assessed valuation is before the Washington County Board of Equalization has made all the changes to the County Assessors Abstract. Based on the preliminary assessments, the growth in real estate assessments is approximately 7.6%. The final assessments are anticipated from Washington County mid October. A millage levy ordinance must be approved by City Council in order for the City to continue to collect property taxes for the Policemen's Pension and Relief Fund and the Firemen' s Pension and Relief Fund. The millage levy for the Policemen's Pension and Relief Fund is 0.4 mils for real property and 0.4 mils on personal property. The millage levy for the Firemen' s Pension and Relief Fund is 0.4 mils for real property and 0.4 mils on personal property. In addition, there will be a millage levy for the operation of the Fayetteville Public Library if approved by the voters on October 1 , 2002. The millage levy for the Fayetteville Public Library will be 1 .0 mils for real property and 1 .0 mils on personal property. City Council has the option of assessing up to 5 mils on real and personal property. City Council may choose to exercise its option to levy some or all these discretionary 5 mils to provide a financial cushion to General Fund in the event Amendment 3 (removal of sales tax from food and drugs) is approved by the voters on November 5. The estimated impact on the City in General Fund, for 2003 if Amendment 3 is approved is between $ 1 .6 and $2.2 million. The millage levy must be at Washington County, November 7 to be included in their consolidated levy ordinance. Approximately 3 mils would be needed to offset this loss. If City Council levies millage to offset the projected loss if Amendment 3 is approved then the millage revenue would be used for operations. If Amendment 3 is not approved and City Council has levied millages, then the funds could be directed to one or more identified capital projects. The majority of the funds from a millage received is in November. The City levy will be added to the levies by Washington County, the various school districts, improvement districts and other cities within the County when the Washington County Quorum Court adopts its millage levy for 2002. If you have any questions concerning this agenda request please contact Stephen Davis at 575-8330. City of Fayetteville Property Tax Revenue per Mil September 25, 2002 Millage Approximate Revenue 0. 10 $ 61 ,000 0.20 $ 122 ,000 0.30 $ 183,000 0.40 $ 244,000 0.50 $ 305,000 0.60 $ 3667000 0.70 $ 426,000 0.80 $ 487,000 0.90 $ 548,000 1 .00 $ 609,000 The millage revenue reflected above is based on the Washington County Preliminary Summary Report of County Assessments for the Year 2002 dated September 14, 2002 and excludes real and personal property for Utilities. The City Council can approve up to 5.0 mils for operations. The table assumes a 95% collection rate. Total real and personal property assessments for 2002 amount to approximately $641 million excluding real estate and personal property for utilities. The change in assessed value, for real estate, from 2001 to 2002 is approximately $37.8 million or (7.7%). The change in assessed real estate value is due to newly discovered, newly constructed property (5.5%) and reassessment of existing property (2.0%). This change is offset by a total reduction of approximately $36.8 million in the assessed value for personal property. The net change for all assessments is approximately $1 .0 million or (0. 16%). Property Tax Impact Illustration Appraised Value Assessed Value 1 Mil Tax / Year Single Family Home $ 75,000.00 $ 15,000.00 $ 15.00 Single Family Home $ 100,000.00 $ 20,000.00 $ 20.00 Single Family Home $ 150,000.00 $ 30,000.00 $ 30.00 WASHINGTON COUNTY STATE OF ARKANSAS ''- "� Washington County Courthouse "� 280 North College - Suite 250 Fayetteville, Arkansas 72701 SUE PHILLIPS TELEPHONE COUNTY ASSESSOR 479/444- 1500 August 27, 2002 Mr. Steve Davis Budget Officer City of Fayetteville 113 W Mountain Fayetteville AR 72701 Dear Mr. Davis Enclosed is a copy of the Preliminary Summary Report of County Assessments for the Year 2002. It reflects the district totals for all the taxing entities in Washington County as they were assessed August 19, 2002 for 2002. Values are to be certified forpurposes of determining if millage rollback is required under Amendment 59 as soon as the Equalization Board is finished and the County Court hearings are complete. The Equalization Board has meetings scheduled through the end of September, and County Court hearings, if there are any, will commence after that. As you can see in the "%change" column, some of the cities have already experienced more than a 10% increase in total assessed value. It is very likely that those cities will have to roll back their millage. I hope you find this information useful. Please feel free to call me if you have any questions. Sincerely A LoL Lee Ann Kizzar Chief Deputy Washington County Preliminary Summary Report of County Assessments for the Year 2002 School District Totals 2001 2002 NDP % Change % NDP Benton County . 7,0140210 71394,684 126,360 5.42 2.27 Elkins 29,156,583 29,806,387 761 ,200 2.23 3.58 Farmington 67,937,403 72,684,010 3,673,909 6.99 6.27 Fayetteville 682,791 ,340 707,507,818 26,303,222 3.62 4.78 Greenland 35,305,285 33,219,025 999,855 (5.91) 4.46 Lincoln 41 ,895,344 42,984,728 1 ,074,873 2.60 3.43 Prairie Grove 50,574,359 53,645,248 2,798,493 6.07 6.87 Springdale 666,570,065 702,032,328 31 ,713,880 5.32 6.14 West Fork 31 ,447,830 32,662,148 1 ,191 ,312 3.86 5.08 Winslow 9$ 47,091 10,169,000 445,397 6.51 7.14 Grand Total 116229239,510 1 ,692,105,376 69,088,501 4.31 5.41 City Totals 2001 2002 NDP % Change % NDP Elkins 10,334,018 10,895,682 569,506 5.44 6.46 Elm Springs 82173,378 9,044,363 589,381 10.66 7.75 Farmington 29,722,337 31 ,245, 129 1 ,067,526 5. 12 4.20 Fayetteville 666,622,010 686,722,390 272141 ,884 3.02 5.11 Goshen 8,1879035 9,336,839 884,718 14.04 11 .08 Greenland 61709,881 6,856,619 192,852 2.19 3.46 Johnson 26,7161679 27,736,598 1 ,209,768 3.82 5.61 Lincoln 131841 ,929 13,845,041 266,896 0.02 2.50 Prairie Grove 219680,922 22,643,063 8749751 4.44 4.73 Springdale 485,460,574 511 ,184,862 23,061 ,824 5.30 6.25 Tontitown 16,224,085 18,616,215 1 ,465,562 14.74 10.43 West Fork 13,800,077 14,471 ,543 455,263 4.87 3.98 Winslow 2,220,958 2,528,563 267,465 13.85 14.55 FAYETTEVI PLE THE CITY OF FAYETTEVILLE, ARKANSAS DEPARTMENTAL CORRESPONDENCE To: Kevin Springer, Budget and Research From: Heather Woodruff, City Clerk Date: October 23, 2002 Attached is a copy of the ordinance setting the millage for 2002 real and personal property tax. The original will be microfilmed and filed with the City Clerk. Cc: Marsha Farthing, Accounting Manager Nancy Smith, Internal Auditor