November 13, 2018August 2, 2026

Port Of Seattle Draft Finance Plan 2019–2023 — King County Homeowners Property Tax Impact (Page 20, November 2018)

Budget & Tax Levy 2019

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

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A Port of Seattle presentation slide explaining that King County homeowners pay property taxes based on assessed value, with the 2018 rate at 13.5 cents per $1,000 (estimated $69 for the median homeowner with a $509,000 assessed value). A dual-axis line chart shows assessed value (red) and the Port’s millage rate (blue) from 2008 to 2018, illustrating an inverse relationship as assessed values rose and the millage rate declined.

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As the source for federal transportation grants, the Puget Sound Regional Council was charged with developing a system to meet the growing need for commercial aviation. When the search for a second airport failed, they authorized the Port of Seattle to build the Third Runway, with a mandate to develop a noise abatement and mitigation program. In their effort to stop the Third Runway, the ACC argued over every detail of the Port's efforts--including property buyouts and sound insulation. The dispute was meant to be settled by a three member Expert Arbitration Panel. This is their final report. It finds 2-1, that the Port's program was insufficient in several respects. Despite that, funding for the Third Runway was approved by the PSRC, and the 'Port Package' program, proceeded largely unchanged. Expert Arbitration Panel's final decision finding that the Port of Seattle had not shown sufficient reduction in real on-the-ground noise impacts to satisfy noise reduction conditions required for approval of a third runway at Sea-Tac International Airport. The majority decision concluded the Port's noise abatement programs were insufficient despite being impressive in scope.

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