That slide deck is from the agenda for a City Council committee meeting tomorrow morning, and it’s the first time we’ve seen an all-in-one-place visual breakdown of a subject that comes up in discussion often – property taxes.
The 9:30 am meeting is actually the entire City Council meeting as the Select Committee on the 2016 Housing Levy, and one of its agenda items is a general discussion on property taxes in the city, as they consider the proposed levy, which is double the one that’s about to expire. If you scroll through the slide deck – or get it here as a PDF – you’ll see that it looks at the taxes on a “median”-valued home in the city (half are worth more, half worth less), valued at $480,000, paying $4,553 a year. As shown on page 5, a little less than a third of that – $1,472 – is from/for the city, and in turn, about half of that goes to 7 voter-approved levies, including the housing levy that is expiring:
*Transportation levy, $279
*Park district levy, $140
*Families/Education levy, $98
*Housing levy, $61
*Campaign financing, $9
If you want to hear how this is presented and discussed tomorrow morning, you can go to the meeting at City Hall or watch live via Seattle Channel, cable 21 or seattlechannel.org.