Ad Valorem is a Latin phrase meaning “in proportion to the value of something”. In proportion to the estimated value of the goods taxed; “the goods were taxed ad valorem”.
This is not a property tax increase. It allows the city to receive a portion of tax collected at the county level. Without passing, the city would lose out on these funds, and they would be absorbed by the county.
NOTICE OF PUBLIC HEARING
Notice is hereby given that the City Council for the City of Soap Lake will hold a public hearing regarding Ad Valorem Property Tax.
An open public hearing will be held on November 17, 2021 at 5:30 pm via video conference call.
Access the meeting at: https://cityofsoaplake.my.webex.com/meet/SLVCC
To Call In: 206-207-1700 Access Code: 126 053 3233
You are invited to attend this hearing and provide comments. If you cannot attend, written comments will be received until 4:00 pm November 25, 2020 at City Hall, 239 2nd Ave SE or by mailing them to PO Box 1270, Soap Lake, WA 98851.
The Council teleconference is intended to be accessible by all. Arrangements to reasonably accommodate the needs of special classes of citizens, including handicap accessibility or interpreter, will be made upon receiving twenty-four hour advance notice. Contact the City Clerk at the above location or 509-246-1211 between 9:00am and 4:00pm Monday through Thursday.
Jody Siebert Administrative Assistant