TagProperty Tax Levy(87)

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 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 titled 'IDD Levy Information: Marginal lands are defined to include property subject to the following (RCW 53.25.030) conditions,' listing ten statutory conditions under Washington State law that qualify property as marginal lands, including economic dislocation, inadequate utilities, flood-prone lots, depreciated values, and underutilized industrial areas. The slide is numbered page 38 of a larger presentation.

A presentation slide titled 'Port Taxpayer Impact' shows tax levy scenarios (Flat Levy, 3% Increase, and Maximum) projected from 2019 to 2023, with the Maximum scenario reaching $112.6 million by 2023. The accompanying table compares 2018 and 2019 levy amounts, millage rates, and median taxpayer costs based on King County median home values, noting that a 3% levy increase adds $1.39 to the median homeowner's tax in 2019 compared to 2018.

Area chart comparing the Maximum Allowable Levy to the Actual Tax Levy in millions of dollars from 1991 to 2019, with the gap between the two lines representing cumulative foregone taxes totaling $521 million. The actual levy remained consistently below the maximum allowable levy throughout the period shown.

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 range from $72.00M to $74.16M, while the millage rate declined steadily from $0.22 in 2010 to $0.12 in 2019. No organizational logo or authorship is visible to identify the source agency.

A financial summary slide titled '2018 Levy Status' showing Sources and Uses of the Port of Seattle Tax Levy Fund. Total Sources were budgeted at $144.1M but came in at $160.7M (a $16.6M favorable variance), while Total Uses were $114.4M against a $95.6M budget, resulting in an Estimated Ending Tax Levy Fund Balance of $46.3M. Notable uses include a $30M Transfer to Transportation and Infrastructure Fund and $2.4M for Highline Schools NOISE Projects, relevant to Sea-Tac Airport noise mitigation policy.

A presentation slide titled 'Port's Taxing Authority' outlines the Port of Seattle's tax levy limitations, including the 1% limit factor and 45-cent-per-$1000 assessed value cap. For 2019, the maximum levy under the 1% limit is estimated at ~$104.2 million, while the 45-cent limit allows up to ~$270.9 million, with the Port's actual 2019 rate estimated at 12.3 cents based on a $74.2 million levy.

This slide is page 27 of a Port of Seattle financial presentation, listing contents for pages 28–36. Topics covered include 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' describing a second-round levy formula with a maximum of $1.7 billion over 20 years, an average annual amount of $85 million, and a maximum annual amount of $271 million. It also outlines the implementation process, including an April 1 notice deadline and a provision for a special election if 8% of voters petition within 90 days.

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.