HomeMy WebLinkAbout44-13 - Res. Amending Res. 71-05 Changing Fund Name to Real Estate & Property Tax Administration Assistance03
RESOLUTION NO. 41'S
AMENDING RESOLUTION NO. 71-05
CHANGING THE NAME OF THE TREASURER'S REAL ESTATE EXCISE TAX
ELECTRONIC TECHNOLOGY FUND TO THE REAL ESTATE & PROPERTY
TAX ADMINISTRATION ASSISTANCE FUND, FUND NUMBER 120-000-000
WHEREAS, on July 26th, 2005 the Board of Mason County Commissioners approved Resolution
Number 71-05 creating the Treasurer's Real Estate Excise Tax Electronic Technology Fund (Fund 120-
000-000) pursuant to RCW 82.45.180
WHEREAS, RCW 82.45.180 was updated by the Washington State Legislature in 2010 adding
Section 5 (b) that states in part "Beginning January 1, 2014, the county treasurer must continue to
collect the additional five dollar fee in subsection (3) of this section on all transaction required by this
chapter...The county treasurer shall deposit one-half of this fee vn the special real estate and property
tax administration assistance account in accordance with (c) of this subsection and remit the balance to
the state treasurer...the state treasurer must distribute the funds to each county treasurer..."
WHEREAS, RCW 82.45.180 5 (c) "When received by the county treasurer, the funds must be
placed in a special real estate and property tax administration assistance account held by the county
treasurer to be used for: (i) Maintenance and operation of an annual revaluation system for property tax
valuation; and (ii) Maintenance and operation of an electronic processing and reporting system for real
estate excise tax affidavits"
WHEREAS, the Board of Mason County Commissioners recognizes the ongoing financial needs of
the Assessor and Treasurer in maintaining and operating an annual revaluation system for property tax
valuation and electronic processing and reporting system for real estate excise tax affidavits
NOW THERFORE; the Board of Mason County Commissioners does hereby change the name of
Fund 120-000-000 from the Treasurer's Real Estate Excise Tax Electronic Technology Fund to the Real
Estate & Property Tax Administration Assistance Fund which fund will receive revenues and pay the
costs associated with the maintenance and operation of an annual revaluation system for property tax
valuation and electronic processing and reporting system for real estate excise tax affidavits
1
BE IT FURTHER ESTABLISHED THAT the Mason County Treasurer Wull admonister and pay the °roper
expenses from this fund.
Approved this day of aeart2013.
BOARD OF COUNTY COMMISSIONERS
Randy Neatherlin, Chair
Tim Sheldon, Commissioner
Terri Jeffreys,
ATTEST:
\
Sh non Goudy, Clerl •f the Board
APPROVED AS TO FORM:
Tim Whitehead, Chief Deputy Prosecutor
mis loner