TagProperty Tax Levy(83)

A presentation slide showing that only 1.1% of King County's $7.6 billion in 2024 property taxes went to the Port of Seattle, with the median homeowner paying $79 to the Port out of $6,946 total property tax. A bar chart compares the Port's 1.1% share against other taxing districts including State Schools (27.4%), Local Schools (27.3%), Municipal (15.7%), County (14.5%), and All Other (14.0%).

A presentation slide showing the 2025 Port of Seattle Community Program budget of $20.7M broken down by four activity areas: Economic Development ($7.4M, 35.7%), Equity, Diversity & Inclusion ($6.5M, 31.4%), Workforce Development ($5.4M, 26.1%), and SeaTac Community Relief ($1.4M, 6.8%). The slide itemizes sub-programs including Tourism Marketing Support, Diversity in Contracting, South King County Community Impact Fund (SKCCIF), OEDI Department, and Duwamish Community Equity Program (DVCEP), among others.

A budget table from the Port of Seattle presenting 2025 Community Programs funding as of September 2024, showing 19 line-item programs with budgets from 2022–2025. The Grand Total proposed 2025 budget is $19,621,000, with $12,334,000 (63%) funded by the levy; programs include the South King County Community Impact Fund, Duwamish Valley Community Equity Program, Workforce Development, and others related to Sea-Tac Airport operations.

A budget presentation slide detailing the Port of Seattle's 2025-2029 Tax Levy Fund sources ($496.6 million total, including $38.2 million prior year balance and $458.4 million projected collection) and uses ($495.7 million total, including G.O. bond debt service, environmental remediation liability, and community programs), with a projected ending 2029 levy fund balance of $0.9 million. Key assumptions include maintaining the levy at 75% of maximum allowable and using existing and new G.O. bonds to fund approximately $312 million in Seaport capital investments.

A bar chart from a Sea-Tac Airport presentation (slide 18) projects $4.9 billion in airport capital spending from 2025 through 2029, broken down annually into Mega Projects and Other Projects. Annual totals range from $863.8M (2029) to $1,138.5M (2026), with a reference line marking the 20-year historical maximum of $579.1M.

A presentation slide titled 'Tax Levy Use Forecast 2025-2029' showing a stacked bar chart of levy uses totaling approximately $565M, broken down into G.O. Debt Service ($238M), Environmental Liability Expenses ($199M), Public Expense ($3M), Capital ($25M), Transportation & Infrastructure ($28M), and Community Programs ($73M). Key notes indicate no surplus tax levy funds are expected over five years, $127M in new G.O. bonds will fund capital investments, and significant additional environmental expenses are anticipated beyond 2029.

A line graph titled 'Levy History' showing three trends in millions of dollars from 1990 to 2025 (forecasted): the Maximum Allowable Levy (red), the Actual Levy (blue), and a Levy Tied to Inflation beginning 1990 (green dashed). The actual levy consistently falls below the maximum allowable, while tracking close to the inflation-tied projection in later years. Slide number 9 is visible in the lower right corner.

King County Department of Assessments presentation by Assessor John Wilson on property values, taxes, and exemptions, delivered at a study session on April 4, 2024. Covers DOA functions including valuation of 720,000+ King County residential and commercial properties, physical inspection cycles (once every 6 years), trending 5/6th of properties to market values, residential and commercial