Levy limit—Newly formed taxing district.
(1) Introduction. This rule explains how the levy limit is determined for any taxing district that is created by means other than by consolidation or annexation.
(2) RCW
84.55.035 specifically states that the first regular levy made by a newly formed taxing district created other than by consolidation or annexation is not subject to the levy limit set forth in chapter
84.55 RCW. The newly formed taxing district may levy up to the lesser of the statutory dollar rate limit for that class of district, or the amount approved by the voters when the district was formed, subject to the statutory aggregate dollar rate limit and the constitutional one percent limit. The second regular levy by the district and all subsequent regular levies are subject to the levy limit or, if applicable, the limit described in WAC
458-19-025 regarding the restoration of a regular property tax levy.
[Statutory Authority: RCW
84.08.010,
84.08.070,
84.48.080,
84.55.060,
84.52.0502, chapters
84.52 and
84.55 RCW, and RCW
34.05.230(1). WSR 02-24-015, § 458-19-040, filed 11/25/02, effective 12/26/02. Statutory Authority: RCW
84.55.060 and
84.08.070. WSR 94-07-066, § 458-19-040, filed 3/14/94, effective 4/14/94.]