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The 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 2027, 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.
body
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 estimated amount of $954,992,527. 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 for general municipal purposes, authorized by chapter 84.52 RCW
- Low-income housing, authorized by Ordinance 126837
- Transportation, authorized by Ordinance 127053
- Democracy Vouchers, authorized by Ordinance 127204
- Families, Education, Preschool, and Promise, authorized by Ordinance 127238
B. Levies pursuant to newly enacted ordinances:
- Library maintenance and services, authorized by Ordinance 127419, in the first-year amount of $68,537,143
C. Other levies:
- Firefighters’ Pension Fund, authorized by RCW 41.16.060 as $0.225/$1,000 of estimated assessed value
- Additional dollar amounts from estimated increases in assessed value resulting from new construction, improvements to property, newly-constructed wind turbines, biomass, and geothermal facilities, any increase in the value of state-assessed property, and increment value, as authorized by RCW 84.55.010(1)(a)-(e)
- Refunds as authorized by RCWs 84.55.070, 84.68.040, and 84.69.180, in the highest lawful amount that the Ki...
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