CITY OF SEATTLE
ORDINANCE __________________
COUNCIL BILL __________________
title
AN ORDINANCE relating to the levy of property taxes; levying taxes on all real and personal property in The City of Seattle, for the year beginning on the first day of January 2026, as allowed by and for the purposes of the laws authorizing those taxes, which include providing for general obligation bond interest and redemption requirements; and ratifying and confirming certain prior acts.
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BE IT ORDAINED BY THE CITY OF SEATTLE AS FOLLOWS:
Section 1. There is levied a tax on all taxable property, both real and personal, within The City of Seattle and subject to taxation under the laws of the State of Washington in the maximum amount of $920,643,980, which is calculated as $3.02 per $1,000 of estimated assessed value of all taxable property in the city. This amount includes:
A. Levies whose amounts this ordinance increases by one percent over the prior year's amount, in accordance with the limit factor in chapter 84.55 RCW:
Levy
Authority
Levy for general municipal purposes
Chapter 84.52 RCW
Library maintenance and services
Ordinance 125809
Low-income housing
Ordinance 126837
Transportation
Ordinance 127053
B. Levies pursuant to newly enacted ordinances:
Levy
Authority
First-year collection amount
Democracy vouchers
Ordinance 127204
$4,500,000
Families, Education, Preschool, and Promise
Ordinance 127238
$209,716,667
C. Other levies:
Levy
Authority
Amount
Firemen's Pension Fund
RCW 41.16.060
$0.225/$1,000 of estimated assessed value
Additional dollar amount from increase in assessed value
RCW 84.55.010(1)(a)-(e)
The actual increase in assessed value
Refunds
RCW 84.55.070, 84.68.040, and 84.69.180
The highest lawful amount that the King County Assessor certifies
Section 2. The King County Assessor shall reduce any amount in Section 1 of this ordinance as necessary to comply with law.
Section 3. The one percent increase authorized in subs...
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