Taxes in Seattle: A summary

by: Henry Rosoff Updated:

SEATTLE - Current taxes:

CITY OF SEATTLE TAXES:

-          $386 million collected in 2013

-          $3.29 per $1,000

 

KING COUNTY TAXES:

-          $10.51 per $1,000

-          Includes City of Seattle, King County, Port of Seattle, Seattle Public Schools

-          Average property owner paid $3,657 in taxes in 2013

 

CITY OF SEATTLE TAXES in 2013 (breakdown of $386 million/ rate of $3.29)

-          General:  $223.8 million (rate: $1.91)

-          Transportation, Bridging the Gap: $41.2 million, passed in 2006 

-          Families and Education Levy: $32.0 million, passed in 2011 expires in 2019  (rate: 0.27 )

-          Parks and Green Spaces Levy: $23.9 million, passed in 2008 expires in 2014  (rate: $0.18)

-          Low Income Housing: $20.4 million, passed in 2009 expires in 2016)  (rate: $0.17)

-          Libraries for All: $16.8 million, passed in 2012 expires in 2019 (rate: 0.15)

-          Debt on voted bonds: $16.2 million, changes yearly (rate: $0.139)

-          Pike Place Market: $12.3 million, passed in 2008 expires in 2014  (rate: $0.09)

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Seattle parks funding taxing authority, which will be put before voters on the August 2014 ballot:

-          Would never expire

-          Could be as high as $0.75 per $1,000

-          Would raise about $45 million a year

-          Would cost $148 on average for homeowners, up from about $76 dollars

-          The Parks Department faces a $267 million maintenance backlog

-          City would still spend money on parks and own parks

-          There would be a citizen oversight committee