TagProperty Tax Levy(67)

The Port of Seattle funds its operations primarily through fees, bond proceeds, and operating revenue, with King County property taxes accounting for just 1.2% of all property taxes collected and roughly $78 per year for the median homeowner. The Port's tax levy has historically been directed away from Seattle-Tacoma International Airport itself, instead funding noise mitigation improvements at Highline School District schools near the airport. In 2023, the Port planned to invest $726.8 million in capital projects and $19.1 million across 18 community programs, while managing operating expenses of $573.5 million.

A budget presentation slide detailing the Port of Seattle's Transportation and Infrastructure Fund (TIF), showing a beginning balance of $66.4 million for 2019-2023 with $30.1 million in transportation investments and an ending balance of $36.3 million. The detailed breakdown includes investments in projects such as the Seattle Heavy Haul Network, Safe and Swift, and Highway 509 Contribution, with post-2023 projections showing a negative ending balance of $(0.4) million.

A slide defining 'marginal lands' under Washington State law RCW 53.25.030, listing 10 qualifying conditions including economic dislocation, inadequate infrastructure, flood-prone areas, and underutilized industrial land. This appears to be part of an Industrial Development District (IDD) levy information presentation, likely related to Sea-Tac Airport area land-use or redevelopment policy.

A presentation slide titled 'Port Taxpayer Impact' showing tax levy scenarios (Flat Levy, 3% Increase, and Maximum) projected from 2019 to 2023, with a table comparing 2018 and 2019 levy amounts, millage rates, and median taxpayer costs based on King County home values. Key findings note that a 3% levy increase adds $1.39 to the median homeowner's 2019 tax compared to 2018, with an estimated $79 cost by 2023.

A area chart comparing the Maximum Allowable Levy against the Actual Tax Levy in millions of dollars from 1991 to 2019. The chart highlights cumulative foregone taxes of $521 million, represented by the gap between the two levy lines, with the actual levy reaching approximately $75 million by 2019 versus a maximum allowable levy approaching $120 million.

A dual-axis bar and line chart showing annual tax levy amounts (in millions of dollars, left scale) and millage rates (right scale) from 2010 to 2019. Tax levy values remain relatively stable between $72–$74.16 million, while the millage rate declines steadily from $0.22 in 2010 to $0.12 in 2019. No organization logo or explicit agency name is visible.

This slide presents the Port of Seattle's 2018 Levy Status, showing sources and uses of the Tax Levy fund in millions of dollars, comparing the 2018 budget against estimated/actual figures. Notable line items relevant to Sea-Tac Airport noise policy include Highline Schools NOISE Projects ($2.4M actual, $2.4M over budget) and Airport Community Ecology (ACE) Fund ($0.3M actual), with total uses of $114.4M against a $95.6M budget.

A presentation slide explaining the Port's taxing authority limitations, noting the Port is currently constrained by the 1% limit. Key figures cited include a 2019 maximum levy of approximately $104.2 million under the 1% limit, a 45-cent-per-$1,000 assessed value cap yielding a limit of ~$270.9 million, a 2019 actual rate of 12.3 cents based on a $74.2 million levy, and G.O. bond debt service of $43.4 million.

This slide is page 27 of a Port of Seattle financial presentation, listing contents for pages 28–36 covering topics including Port's Taxing Authority, 2018 Levy Status, 2010–2019 Tax Levy & Millage Rate, Actual vs. Maximum Allowable Levy, Transportation and Infrastructure Fund (TIF), Tax Levy Cash Flows, Non-Airport Operating Cash Flow, Current Credit Ratings, and Industrial Development District Tax Levy.

A presentation slide titled 'IDD Levy - Implementation' outlining a second-round levy formula with a maximum of $1.7 billion over 20 years, averaging $85 million annually, and describing the implementation process including a public notice requirement by April 1 and a petition threshold of 8% of voters that would trigger a special election. No organization logo or specific event date is visible on this slide.