|
General Information/Property
Tax Levies
|
|
The Levy proccess has two players:
| Taxpayer |
(You, me, Texaco, Sears, etc.) |
| Tax Districts |
(Fire Departments, Schools, Cities, Counties,
the State of Washington) |
|
We need to know only one piece of data
from each player:
| Taxpayers |
The value of their parcels. |
| Tax Districts |
Their budget. |
|
|
The levy process is very easy and quite simple:
The amount of money needed by the tax district's
budget
divided by
the value of all the taxpayer's parcels in their district |
|
|
|
| The tax rate for the district |
|
|
| Each taxpayer then pays taxes on: |
The value of the parcels belonging to him/her
times
the tax rate for the district |
|
The taxes are collected and given to the district and
the process is done.
