Seattle officials warn city is approaching state property-tax levy limit, urge 10% buffer City budget staff told the council the city's regular property-tax levy is nearing Washington's $3.60-per-$1,000 legal cap and presented a model showing roughly $780 million in remaining levy capacity over seven years; staff recommended a 10% capacity reserve and offered follow-up analyses of lower growth scenarios and county levies.

Seattle is nearing its legal property-tax levy limit, prompting budget officials to recommend a 10% reserve to safeguard vital city services.

Learn more here!

#SeattleKingCounty #WA #TaxPolicy #CitizenPortal #CommunityFinance #SeattlePropertyTax #FiscalResponsibility