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1. What is the tax savings if the exemption criteria are met?

Since there are four different Tax Code Areas (TCA) that overlap the CIC Zone within the City of Marysville, the realized savings will differ.

All rates are expressed in dollars per thousand dollars of assessed value for the 2019 tax year.

TCA 00508: 7.092107221 of savings

TCA 00509: 7.366485104 of savings

TCA 00511: 6.573942603 of savings

TCA 00514: 6.947786762 of savings

2. What tax rate will apply?

As of 2019 all TCA's will have the same tax rate of 2.565086703 per thousand dollars of assessed value for State Property Taxes.

* Lined out Levy’s represent 2019 exempt taxes.

00508 

CNT COUNTY REGULAR                                                    Regular Levy          Rate 0.68654935509 

CNT COUNTY CONSERVATION FUTURES                         Regular Levy          Rate 0.02982678463 

CTYMAR MARYSVILLE                                                       Regular Levy          Rate 1.78268462972 

CTYMAR MARYSVILLE EMS PERMANENT 2005-ON          Regular Levy          Rate 0.49725938050 

HSP003CAS HOSPITAL DIST 3 MAINTENANCE                  Regular Levy          Rate 0.28329673304 

HSP003CAS HOSPITAL DIST 3 G.O. BONDS                      Excess Levy           Rate 0.50924576800 

LIBSNO SNO-ISLE INTERCOUNTY RURAL LIBRARY          Regular Levy          Rate 0.47038797870 

SCH016ARL SCHOOL 016 BONDS                                     Excess Levy           Rate 1.33285659129 

SCH016ARL SCHOOL 016 ENRICHMENT                           Excess Levy           Rate 1.50000000000 

STASCH STATE SCHOOL 1                                                Regular Levy          Rate 1.86931230162

STASCH STATE SCHOOL 2                                                Regular Levy          Rate 0.69577440126

 

Sum of TCA 00508 W/O Tax incentive                   9.65719392385

Sum of TCA with Tax Incentive                           2.565086703

All Rate expressed in dollars per thousand dollars of assessed value.

 

00509 

CNT COUNTY REGULAR                                                    Regular Levy          Rate 0.68654935509 

CNT COUNTY CONSERVATION FUTURES                         Regular Levy          Rate 0.02982678463 

CTYMAR MARYSVILLE                                                       Regular Levy          Rate 1.78268462972 

CTYMAR MARYSVILLE EMS PERMANENT 2005-ON         Regular Levy          Rate 0.49725938050 

HSP003CAS HOSPITAL DIST 3 MAINTENANCE                 Regular Levy          Rate 0.28329673304 

HSP003CAS HOSPITAL DIST 3 G.O. BONDS                     Excess Levy           Rate 0.50924576800 

LIBSNO SNO-ISLE INTERCOUNTY RURAL LIBRARY         Regular Levy          Rate 0.47038797870 

SCH025MAR SCHOOL 025 BONDS                                    Excess Levy           Rate 0.91353686362 

SCH025MAR SCHOOL 025 CAPITAL PROJECTS              Excess Levy           Rate 0.69369761062 

SCH025MAR SCHOOL 025 ENRICHMENT                          Excess Levy           Rate 1.50000000000 

STASCH STATE SCHOOL 1                                                Regular Levy          Rate 1.86931230162

STASCH STATE SCHOOL 2                                                Regular Levy          Rate 0.69577440126

 

Sum of TCA 00509 W/O Tax incentive                   9.9315718068085

Sum of TCA 00509 with Tax incentive                 2.565086703

All Rate expressed in dollars per thousand dollars of assessed value.

 

00511 

CNT COUNTY REGULAR                                                    Regular Levy          Rate 0.68654935509 

CNT COUNTY CONSERVATION FUTURES                         Regular Levy          Rate 0.02982678463 

CTYMAR MARYSVILLE                                                       Regular Levy          Rate 1.78268462972 

CTYMAR MARYSVILLE EMS PERMANENT 2005-ON         Regular Levy          Rate 0.49725938050 

LIBSNO SNO-ISLE INTERCOUNTY RURAL LIBRARY         Regular Levy          Rate 0.47038797870 

SCH025MAR SCHOOL 025 BONDS                                    Excess Levy           Rate 0.91353686362 

SCH025MAR SCHOOL 025 CAPITAL PROJECTS              Excess Levy           Rate 0.69369761062 

SCH025MAR SCHOOL 025 ENRICHMENT                         Excess Levy           Rate 1.50000000000 

STASCH STATE SCHOOL 1                                                Regular Levy          Rate 1.86931230162

STASCH STATE SCHOOL 2                                                Regular Levy          Rate 0.69577440126

 

Sum of TCA 00511 W/O Tax incentive                   9.13902930576

Sum of TCA 00511 with Tax incentive                 2.565086703

All Rate expressed in dollars per thousand dollars of assessed value.

00514 

CNT COUNTY REGULAR                                                    Regular Levy          Rate 0.68654935509 

CNT COUNTY CONSERVATION FUTURES                         Regular Levy          Rate 0.02982678463 

CTYMAR MARYSVILLE                                                       Regular Levy          Rate 1.78268462972 

CTYMAR MARYSVILLE EMS PERMANENT 2005-ON          Regular Levy          Rate 0.49725938050 

LIBSNO SNO-ISLE INTERCOUNTY RURAL LIBRARY          Regular Levy          Rate 0.47038797870 

SCH306LKW SCHOOL 306 BONDS                                    Excess Levy           Rate 1.70082848519 

SCH306LKW SCHOOL 306 CAPITAL PROJECTS               Excess Levy           Rate 0.28025014812 

SCH306LKW SCHOOL 306 ENRICHMENT                          Excess Levy           Rate 1.50000000000 

STASCH STATE SCHOOL 1                                                Regular Levy          Rate 1.86931230162

STASCH STATE SCHOOL 2                                                Regular Levy          Rate 0.69577440126

 

Sum of TCA 00514 W/O Tax incentive                   9.51287346483

Sum of TCA 00514 with Tax incentive                 2.565086703

All Rate expressed in dollars per thousand dollars of assessed value.

3. Does the Refurbishment of an existing structure or building meet criteria for the Tax exemption?

No.

MMC: 3.104.010: It is the purpose of this chapter to encourage new manufacturing and industrial uses on undeveloped and underutilized lands zoned for industrial and manufacturing uses in the area identified in this chapter. (Ord. 3020 § 2 (Exh. A), 2016).

RCW 84.25.040 does not mention or provide any provision for existing structures or facilities.  RCW 84.25.040 1) (a) The value of new construction of industrial/manufacturing facilities qualifying under this chapter is exempt from property taxation under this title.

4. Are the improvements made during the exemption also tax exempt?

Yes, with stipulations;

MMC: 3.104.020 Adoption by reference. Chapter 84.25 RCW as currently enacted or subsequently amended is hereby adopted by reference. (Ord. 3020 § 2 (Exh. A), 2016).

RCW 84.25.130 (1) If the value of improvements have been exempted under this chapter, the improvements continue to be exempted for the applicable period under this chapter so long as they are not converted to another use and continue to satisfy all applicable conditions.