Draft Finance Plan 201-2023-2018_11_13_SM_7c_supp_Page_36

A presentation slide titled 'IDD Levy - Background' explaining that the Port of Seattle can levy property tax within an Industrial Development District (IDD) in addition to regular property tax. It notes the Port already has two IDDs, that it can implement the levy twice (with the first round implemented in 1963), and that the purpose is to provide for harbor improvements or industrial development of marginal lands.

Notes

A presentation slide titled ‘IDD Levy – Background’ explaining that the Port of Seattle can levy property tax within an Industrial Development District (IDD) in addition to regular property tax. It notes the Port already has two IDDs, that it can implement the levy twice (with the first round implemented in 1963), and that the purpose is to provide for harbor improvements or industrial development of marginal lands.

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