TagProperty Tax Levy(83)
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2018-12-11Resolution No. 3755
The Port of Seattle Commission approved Resolution No. 3755 on December 11, 2018, authorizing a property tax levy of $74,160,000 for the 2019 calendar year. This represents a 3.0 percent increase of $2,160,000 from the 2018 levy of $72,000,000, at a rate of approximately $0.1232 per thousand of assessed value. Excluding new construction and refunds, the effective increase for tax filing purposes was $419,783, or 0.583 percent. -
2018-12-06Tax levy increase in 2019 from $72,000,000 to $74,160,000
In December 2018, the Port of Seattle Commission voted to increase its annual property tax levy by 3 percent, raising it from $72,000,000 to $74,160,000 for the 2019 fiscal year, a difference of $2,160,000. The increase was required to be formally documented under Washington State law (RCW 84.55.120) through a separate resolution specifying both the dollar amount and percentage change. The Commission had previously approved the levy increase as part of its broader 2019 budget adoption in November 2018. -
2018-11-27Adoption of Resolution No. 3751, adopting the final budget of the Port Of Seattle for the year 2019, as amended
The Port of Seattle Commission considered adoption of Resolution No. 3751 at its November 27, 2018 meeting, formally approving the Port's final operating and capital budget for the year 2019. The resolution authorized the tax levy on assessed property within the Port of Seattle District and directed King County to collect the specified sums. The budget process, which began in April 2018, included multiple public briefings, a public hearing, and required submission of the final statutory budget to the King County Council and Assessor's Office by December 3, 2018. -
2018-11-27Resolution No. 3751, as amended: Adopting the final budget of the Port Of Seattle for the year 2019
The Port of Seattle Commission adopted its final 2019 budget via Resolution No. 3751 on November 27, 2018, approving a tax levy of $74,160,000 to fund bond repayments, capital improvements, and general port operations. The resolution directed the King County Council to collect this levy from property owners within the Port District, based on an assessed property value of approximately $602 billion. The budget reflects the Port's commitments to economic development, environmental sustainability, workforce training, and transparent fiscal stewardship. -
2018-11-27Resolution No. 3751: Port Of Seattle 2019 budget
Resolution No. 3751 is the Port of Seattle's official 2019 budget adoption, approved by the Port Commission on November 27, 2018. It authorizes a tax levy of up to approximately $104 million on assessed property within the Port of Seattle District to fund bond repayments, capital improvements, and general port operations. The resolution reflects the Port's commitments to economic development, environmental stewardship, workforce training, and financial transparency in support of its maritime, aviation, and trade activities. -
2018-11-13
Slide 29
Dear Commissioner, Regarding Slide 29 of today’s Tax Levy Presentation. (Where Commissioner Bowman opined that she wished the Port would do a better job explaining the benefits of the Tax Levy to the community.) Forgive me for saying so but you can’t really blame the public for having a tough time appreciating the benefits of -
2018-11-13Port Of Seattle Draft Finance Plan 2019–2023 — 2019 Finance Initiatives (Slide 15, November 2018)
Slide 15 from a presentation outlining 2019 finance initiatives, including issuing revenue bonds to fund a portion of the Airport Capital Improvement Program (CIP), monitoring existing debt for refinancing opportunities, and developing Public Private Partnership (P3) strategies for appropriate projects. Context indicates this is related to Sea-Tac Airport financial planning. -
2018-11-13Port Of Seattle Draft Finance Plan 2019–2023 — 2018 Tax Levy Update (Page 23)
This presentation slide titled '2018 Tax Levy Update' details sources and uses of tax levy funds for 2018, showing total sources of $160.7 million and total uses of $114.4 million, with a projected ending levy fund balance of $46.3 million. Key notes include a $66 million Harbor Development Fund for T-5 redevelopment and a $30 million Transportation Infrastructure Fund contribution toward the SR 509 Gateway MOU. -
2018-11-13Port Of Seattle Draft Finance Plan 2019–2023 — King County Homeowners Property Tax Impact (Page 20, November 2018)
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. -
2018-11-13Port Of Seattle 2019 budget: First reading & public hearing
The Port of Seattle held its 2019 Budget First Reading and Public Hearing on November 13, 2018, presenting the Commission with a comprehensive budget overview covering operating budgets, a 2019–2023 capital plan, staffing, a five-year financial forecast, and a proposed tax levy. The budget process involved extensive Commission engagement throughout 2018, with briefings on Aviation, Maritime, and Economic Development divisions beginning in May and concluding with a final budget release scheduled for December 14, 2018.