Property tax bills for 2016 are in the mail

King County Treasury collects property taxes on behalf of the state, cities, and taxing districts, and then distributes the revenue to local governments. King County property tax bills were mailed Friday, Feb. 12.

  • Tuesday, February 16, 2016 3:46pm
  • News

Initiatives approved by voters last year will increase King County property taxes in 2016, which will result in additional investments in early childhood development,

emergency services and transportation, according to the King County Assessor’s Office.

The majority of property tax revenue – nearly 53 percent – will pay for schools.

King County Treasury collects property taxes on behalf of the state, cities, and taxing districts, and then distributes the revenue to local governments. King County property tax bills were mailed Friday, Feb. 12.

In some parts of King County, as much as 50 percent of 2016 property taxes are a result of voter-approved measures. These are typically school, fire, and other levies or bonds. New levies approved in 2015 include:

• Best Starts for Kids to invest in prevention and early intervention services to improve the health and well-being of children, youth and families across King County.

•  Creating the Puget Sound Emergency Radio Network to provide local emergency responders with more modern and reliable communication tools.

• The Move Seattle Levy that invests in road maintenance, improving transit service, rehabilitating bridges, and making our sidewalks, streets, and other structures safer.

While individual property taxes vary depending upon location, property taxes went up 9.35 percent at the aggregate level. Countywide, property tax billings will be

$4.5 billion in 2016, up from $4.1 billion from last year. It’s the primary funding source for schools, public safety, parks and libraries.

The amount of revenue growth at local governments is capped at 1 percent except for revenue from new construction.

“In 2015, King County voters spoke loud and clear about their desire to invest in high-quality services around the region,” said King County Assessor John Wilson, who took office Jan. 1. “King County voters have again shown true generosity in their willingness to invest in children and ensure our first responders have the tools they need to protect themselves and the public.”

About 19 cents of every property tax dollar supports services provided by King County government, while 18 cents goes to local cities.

“Thanks to voters, we are able to deliver more services to improve the health, safety and mobility of our region,” said King County Executive Dow Constantine.

“Local and countywide voter-approved initiatives will deliver better outcomes for our community.”

Property owners can find tax levy rates and more property related information by visiting eReal Property Search on the King County Assessor’s website or by calling 206-296-7300.

Residential and commercial property in King County is assessed each year at its fair market value. For residential parcels, fair market value is determined by analyzing recent sales of comparable properties in the same area.

“The effects of King County’s growing economy and hot real estate market are not felt the same in all parts of the county,” said Wilson. “While property values increased significantly in some Seattle neighborhoods, property owners in northeastern and southeastern King County saw much smaller increases.”

To avoid interest and penalties, the first half property taxes must be paid or postmarked by May 2. The second half property taxes must be paid or postmarked by Oct. 31.

For many property owners property taxes are included in their monthly mortgage payment.

 

[flipp]

More in News

Rep. Joe Fitzgibbon and Page Carson Foster. Photo credit Washington State Legislative Support Services
Carson Foster serves as page in Washington State House

The following was submitted to the Reporter: Carson Foster, a student at… Continue reading

Jim Pitts stands on walkway overlooking filtration chambers at the King County South Treatment Plant in Renton. Aaron Kunkler/staff photo
Human waste: Unlikely climate change hero?

King County treatment plant joins effort to counteract effects of carbon dioxide.

Washington State Capitol Building. Photo by Emma Epperly/WNPA Olympia News Bureau
Legislation targets rape kit backlog

WA has about 10,000 untested kits; new law would reduce testing time to 45 days

File photo
Law enforcement oversight office seeks subpoena power

Organization has been unable to investigate King County Sheriff’s Office.

The 2015 Wolverine Fire in the Okanogan-Wenatchee National Forest near Lake Chelan. Photo courtesy of Washington Department of Natural Resources/Kari Greer
Western Washington faces elevated wildfire risk in 2019

Humans cause majority of fires in state

Courtesy of kingcounty.gov
King County approves bargaining agreement with 60 unions

Employees will receive wage increases and $500 bonus.

Call for peace, unity, understanding

City, county and state leaders show support of Islam community in wake of massacre at New Zealand mosques

King County bail reform hinges on pretrial decision making

Data on inmates has shown that being held pretrial affects the likelihood of conviction.

State smoking age rising to 21 in 2020

Legislature approves change

A man addresses the King County Council during a public hearing March 20 at New Life Church in Renton. He presented bags filled with what he said was hazardous materials dropped on his property by bald eagles. Another speaker made similar claims. Haley Ausbun/staff photo
Locals show support for King County waste to energy plant

Public hearing on landfill’s future was held March 20 in Renton.

Defense Distributed’s 3D printed gun, The Liberator. Photo by Vvzvlad/Wikimedia Commons
‘Ghost gun’ bill moves to Senate committees

Legislation would make 3-D printed guns illegal.

King County Council with Sarah Reyneveld, chair of the King County Women’s Advisory Board. Photo courtesy of King County
King County proclaims March as Women’s History Month

This year’s theme is Womxn Who Lead: Stories from the past and how they influence the future.