Seattle homeowners should be prepared for sticker shock after an approved housing levy and proposed transportation levy take shape.
Seattle homeowners should be prepared for sticker shock when they open their property tax bills next year following the 2023 approval of a $970 million affordable housing levy and a potential $1.55 billion transportation levy city voters could see on the November ballot.
The yearly tax for the nearly $1 billion housing levy passed by city voters by a 69% to 31% margin in November would cost that same homeowner about $390 per year, an increase of $265 from the current housing levy.Add it up, that’s roughly $900 per year for the owner of an $866,000 house, an increase of $488 from what they are paying now.
“These are all good causes, but the transportation levy is questionable because it doesn’t have to cost that much,” Pedersen, who served as the Council Transportation Chairman during his tenure, said.He said the new tax levy is “making the same mistakes as the old levy.” “It’s not an exaggeration to say that this levy quite literally has the ability to save lives,” he said. “Too many people are dying on our roads and streets, and we are growing further away from our Vision Zero goals.”
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