NO STORYTELLING, JUST THE PAINFUL FACTS
My 8500 s.f. house (1977) surrounded by 3 schools and 3 parks
Appraised value: $1,221,000
2022 appraised $855,000 x 8.58 (rate) = $7,358/year
2023 appraised $1,221,000 x 8.58 (assumed rate) = $10,476/year
Approximate 30% or $3118/ annual increase. 😓
DON'T FORGET THE LWSD CAPITAL LEVY
This $295 million, 6-year levy was approved early 2022
with collections starting January, 2023.
The levy rate is .5/$1,000 assessed value.
Based on my home's appraised value my new tax is $610/year.
Good news: It's paying off the old bonds so the construction rate will decrease over time.
Just a reminder we pay about $1,000/year any which way you look at it.
A few charges:
Based on .25/$1000 my net increase over 2022 is $92.00/year
Car tabs: $110/vehicle valued at $10,000; thus a $60000 Tesla tab is $660/year
Used cars are appreciating so $15,000 Camry could be valued at $20,000, a $220 tab.
Don't forget we're also paying $330/yr for ST-2.
OTHER PROPERTY TAX AGENCIES
State School Part One
State School Two
Local school support
City of Redmond
County
Port
Hospital
Library
EMS
CITY OF REDMOND SAFETY LEVY, if passed
$10,400,000, 6-year levy
.34/$1000 assessed value
If passed, my annual property taxes with increase $415.14 per year
CRISIS CARE CENTERS LEVY
Planning Ahead
5 new regional crisis care facilities, one for serving youth.
14.5 cents per $1,000 assessed value or $177/ year starting 2023.
The King County Property Tax rate of 8.58 may increase in 2023.
Assembled and posted by Bob Yoder, 10/22/2022