Draft Finance Plan 201-2023-2018_11_13_SM_7c_supp_Page_20

A Port of Seattle presentation slide (page 20) explaining that King County homeowners pay property taxes based on assessed value, with the 2018 rate at 13.5 cents per $1,000, resulting in an estimated $69 Port tax for the median homeowner (median residence assessed at $509,000). A dual-axis line chart shows assessed value versus the Port's millage rate from 2008 to 2018, illustrating an inverse relationship as assessed values rose and millage rates fell.
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