HomeMy WebLinkAboutResolution No. 2018-25Sponsored by: Administration
CITY OF KENAI
RESOLUTION NO. 2018-25
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, 2018 AND
ENDING JUNE 30, 2019.
WHEREAS, Kenai Municipal Code 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 2019 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:
Section 1. That the rate of levy of property tax for the fiscal year commencing July 1, 2018
and ending June 30, 2019 be fixed at 4 .35 mills.
Section 2. That this resolution takes effect immediately upon passage.
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210 F idalgo Ave , Kenai , Alaska 99611 -7794
Te lephone : (907) 283-7535 I Fax: (907) 283-3014
www.kenai .city
MEMORANDUM
TO:
THROUGH:
FROM:
DATE:
SUBJECT:
Mayor Brian Gabriel and Kenai City Council
Paul Ostrander, City Manager
Terry Eubank, Finance Director
May 24, 2018
Resolution 2018-25 Establishing the City of Kenai FY2019 Property Tax
Mill Rate
Resolution 2018-25 will establish the rate of levy of property tax for FY2019, tax year 2018. 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 and will generate the necessary property taxes
to support the adopted FY19 budget. The last mill rate change for the City was in FY2015.
Your support is respectfully requested.