INTERPRETIVE STATEMENT
The Department of Revenue has adopted the following Property Tax Advisory:
Property Tax Advisory 1.0.2000 (Specific Questions Related to Administration of Property Taxes Under I-695). This advisory explains the application of Initiative 695 to the levy setting process in three specific areas:
1. Whether voter approval is required before the county may make an election to shift funds from the County Road Levy to the County Current Expense Fund;
2. Whether voter approval is required when a taxing district returns to its original levy when its overall levy amount was lowered because it entered into an agreement with another taxing district to reduce its levy;
3. Whether voter approval is required when a taxing district increases their levy by an amount attributable to new construction, improvements to property, and any increase in the value of state-assessed property.
Requests for copies of this advisory may be directed to: Pete Levine, Property Tax Division, P.O. Box 47471, Olympia, WA 98504-7471, phone (360) 570-5865, fax (360) 586-7602.
Claire Hesselholt
Policy Counsel