Consumer Price Index
This is how we calculate the index to determine the maximum allowed annual assessment:
The Consumer Price Index (CPI) data is used in calculating the inflationary increase in dollar amount for the annual assessment per CC & Rs Article 8.3.2:
8.3.2 Inflationary Increase in Dollar Limit. The dollar amount specified in
Section 6.3.1 shall be increased proportionately by the increase in the consumer
price index for the City of Seattle, Washington, for All Urban Consumers,
prepared by the United States Department of Labor for the base period, January
1, 1992, to adjust for any deflation in the value of the dollar.
(Note the reference to 6.3.1 is a typo and is really 8.3.1 where
the assessment is "not more than $150.00/per lot/per year")
The CPI home page at the United States Department of Labor Bureau of Labor Statistics is http://stats.bls.gov/cpi/
There are two series for All Urban Consumers in the Seattle-
Tacoma-Bremerton, Washington area:
Bimonthly series: cuura423sa0
Semiannual series: cuusa423sa0
The bimonthly series is not available for the period 1987-12/1997 so we use the semiannual series. In the table below, the four columns on the left are from the semiannual table on the BLS Series Report page when "all years" is specified:
| Year | Half1 | Half2 | Annual | |||
|---|---|---|---|---|---|---|
| 1984 | 102.1 | 103.9 | 103.0 | |||
| 1985 | 105.2 | 106.0 | 105.6 | |||
| 1986 | 106.6 | 106.7 | 106.7 | |||
| 1987 | 108.2 | 110.3 | 109.2 | |||
| 1988 | 111.9 | 113.8 | 112.8 | |||
| 1989 | 116.7 | 119.6 | 118.1 | |||
| 1990 | 124.2 | 129.4 | 126.8 | |||
| 1991 | 133.0 | 135.2 | 134.1 | (Base period value) | ||
| 1992 | 137.8 | 140.2 | 139.0 | |||
| 1993 | 141.9 | 143.9 | 142.9 | |||
| 1994 | 146.4 | 149.2 | 147.8 | |||
| 1995 | 151.2 | 153.3 | 152.3 |
Annual Assessment |
||
| 1996 | 155.6 | 159.4 | 157.5 | Maximum | Actual | |
| 1997 | 161.9 | 164.1 | 163.0 | $176.17 | $150 | |
| 1998 | 166.6 | 168.9 | 167.7 | $182.33 | $174 | |
| 1999 | 171.6 | 174.0 | 172.8 | $187.58 | $180 | |
| 2000 | 177.3 | 181.1 | 179.2 | $193.29 | $180 | |
| 2001 | 184.4 | 186.9 | 185.7 | $200.45 | $200 | |
| 2002 | 188.3 | 190.3 | 189.3 | $207.72 | $175 | |
| 2003 | 191.6 | 193.1 | 192.3 | $211.74 | $185 | |
| 2004 | 194.7 | 195.4 | 194.7 | $215.10 | $210 | |
| 2005 | 199.2 | 201.3 | 200.2 | $217.78 | $210 | |
| 2006 | 205.8 | 209.5 | 207.6 | $223.94 | $225 | |
| 2007 | 213.810 | 217.502 | 215.656 | $232.21 | $335 | |
| 2008 | 223.569 | 225.869 | 224.719 | $241.22 | $241.22 | |
| 2009 | 225.580 | 226.475 | 226.028 | $251.36 | $387.24 | |
| 2010 | $252.82 | |||||
The base period value for January 1, 1992 would be the annual value at the end of 1991 (134.1)
Example:
The calculation for the 2001 assessment used the value from the end of 2000
(179.2)
The calculation is year2 / year1 x $150 so for the 2001 assessment 179.2 / 134.1 x $150 = $200.45. The assessment declared was $200.