HomeMy WebLinkAboutResolution No. 2016-23Suggested by: Administration
CITY OF KENAI
RESOLUTION NO. 2016 -23
A RESOLUTION OF THE COUNCIL OF THE CITY OF KENAI, ALASKA, FIXING THE
RATE OF LEVY OF PROPERTY TAX FOR THE FISCAL YEAR COMMENCING JULY 1,
2016 AND ENDING JUNE 30, 2017.
WHEREAS, the Code of the City of Kenai requires that the rate of levy of property tax
be set annually not later than the tenth day of June; and
WHEREAS, the Council has adopted the "City of Kenai 2017 Annual Budget," which
estimates property tax revenue based upon a tax rate of 4.35 mills.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF KENAI,
ALASKA, that the rate of levy of property tax for the fiscal year commencing July 1,
2016 and ending June 30, 2017 be fixed at 4.35 mills.
PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, this lst day of June,
2016.
PAT PORTER, MAYOR
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FINANCE DEPARTMENT
210 Fidalgo Avenue, Kenai, Alaska 99611 -7794
Telephone: 907 - 283 -7535 / FAX: 907 - 283 -3014
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To: Rick Koch, City Manager
-From: Terry Eubank, Finance Director
Date: May 24, 2016
Re: Establishing the FY2017 (Tax Year 2016) City of Kenai Mill Rate Levy.
Resolution 2016 -23 will establish the rate of levy of property tax for FY2017, tax year 2016. The
Proposed rate of levy is 4.35 and will result in $435 in taxes being paid for each $100,000 of
assessed property value. The rate is unchanged from tax year 2015 and will generate the necessary
property taxes to support the adopted FYI budget.
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