成人X站

MYNORTHWEST NEWS

How much will new Seattle Transportation Levy cost homeowners?

Nov 12, 2024, 12:50 PM | Updated: 12:55 pm

ship canal bridge...

Ship canal bridge. (Photo from WSDOT)

(Photo from WSDOT)

In a decisive vote, Seattle residents have approved a new Seattle Transportation Levy. is a property tax measure set to invest $1.55 billion in the city鈥檚 transportation infrastructure over the next eight years.

This measure, which received 67% support in Tuesday鈥檚 initial count, marks the city鈥檚 third major transportation levy since 2006, following successful funding initiatives in 2006 and 2015.

Proposition 1 will provide essential funding for projects across the city, including bridge upgrades, road repairs, new sidewalks, transit enhancements and expanded bikeways.

The levy鈥檚 funding will be raised through an eight-year property tax increase, costing approximately $530 annually (around $44 per month) for the owner of a median-value home assessed at $804,000.

This rate translates to $65 per $100,000 (65 cents per $1,000) in assessed property value 鈥 an increase of $250 annually over the previous levy, which will expire at the end of this year. However, the new levy allows for potential increases, reaching up to $271 per $100,000 ($2.71 per $1,000), which could bring the annual cost to $2,268 for a median-value homeowner.

, Seattle homeowners will end up paying an average of more than $2,300 toward city services.

The Press Secretary for The Seattle Department of Transportation Mariam Ali told the media outlet the 65-cent levy rate is called the “mill rate.”

“The mill rate on a given year will increase or decrease based on the total assessed value of all property in the city including residential, commercial, and industrial,” The Center Square stated. “The $2.71 per $1,000 in assessed value rate that was listed on the ballot measure is the calculated city total rate of all existing city levies, including Proposition 1.”

The outlet added the city can’t increase its total rate about the legal limit of $3.60 per $1,000 in assessed value.

Traffic news: Successful construction season ends on I-90

Breakdown of Seattle Transportation levy costs to homeowners

To explain further: The median home value in Seattle is currently $850,272. Multiply that by the $2.71 rate and it equals $2.3 million. Then divide that by $1,000 and it comes out to $2,304 in property taxes paid to Seattle in 2025.

The biggest portion of the levy, $330 million, will go toward roadway maintenance, according to The Center Square.

Mayor Bruce Harrell celebrated the levy鈥檚 approval as a cornerstone of his vision, which emphasizes a safer and more connected transportation network for the city鈥檚 diverse neighborhoods.

鈥淭onight鈥檚 results demonstrate that Seattle voters are committed to advancing a safer transportation system that benefits all,鈥 Harrell said. 鈥淲e worked diligently with community members and the City Council to develop a comprehensive plan that emphasizes safer streets, dependable transit and freight movement, and improved connections across Seattle鈥檚 neighborhoods to schools and light rail.鈥

The City Council unanimously endorsed the levy, adding $100 million to Harrell鈥檚 original proposal.

Councilmember Rob Saka, who chairs the Council鈥檚 Transportation Committee, praised the city鈥檚 residents for backing the levy, emphasizing its potential to improve Seattle鈥檚 transportation infrastructure for years.

鈥淚 want to thank Seattle voters for approving the 2024 Transportation Levy,鈥 Saka stated. 鈥淭he Mayor鈥檚 Office and my colleagues on the Council worked hard to ensure that the transportation projects included in the levy would meet Seattle needs now, but also invest in the future.鈥

MyNorthwest politics: On 成人X站 Newsradio, Gov. Jay Inslee points to Climate Commitment Act as a success

Despite broad support, some critics voiced concerns over the levy鈥檚 financial implications. In a joint statement, Nina Martinez, Chair of the Latino Civic Alliance, Margaret Pageler,聽former City Council President, and Alex Pedersen,聽former chair of the Transportation Committee, criticized the measure, focusing on affordability and accountability.

They argued that the levy would significantly raise taxes, with little input from residents on how funds should be spent.

鈥淲e achieved our goal to inform the city we love about the costs, inequities, and ineffectiveness of Seattle鈥檚 poorly conceived transportation package,鈥 they stated, urging City Hall to consider a more responsible approach to spending public funds. 鈥淚t appears that more than 50% of Seattle voters are deciding to increase taxes and rents on nearly everyone in the city and hand those public dollars over to the Seattle Department of Transportation.鈥

Editors note: This story was originally published November 6, 2024, at 2:15 p.m. It has been updated and republished since then.

Contributing: Julia Dallas, MyNorthwest

Matt Markovich covers politics and public affairs for 成人X站 Newsradio and MyNorthwest.

MyNorthwest News

Dolly Parton Imagination Library...

Sofia Silvia

‘A heartbreaking loss’: Dolly Parton’s Imagination Library loses funding in WA

Dolly Parton's Imagination Library will no longer have funding in the state of Washington.

3 hours ago

tax proposals...

Heather Bosch and Frank Lenzi

Poll shows voters feel Seattle is ‘making progress’ in reducing crime

A new poll shows Seattle voters believe their city is making progress when it comes to reducing crime and the number of homeless encampments.

6 hours ago

Image: An Auburn Police Department vehicle is seen on a city street....

成人X站 7 News Staff

12-year-old dies in rollover crash, mother investigated for DUI and booked for vehicular homicide

An Auburn mother has been charged with vehicular homicide after investigators say she allegedly drove under the influence and flipped her car.

7 hours ago

Seattle Children's Hospital. (Courtesy of 成人X站 7)...

成人X站 7 News Staff

Virginia Mason Franciscan Health and Seattle Children鈥檚 expand pediatric, neonatal partnership

Virginia Mason Franciscan Health (VMFH) and Seattle Children鈥檚 announced Tuesday they have expanded their longstanding partnership to enhance pediatric and mother-baby health care services across the Puget Sound region. The new strategic affiliation builds on nearly 15 years of collaboration between the two organizations and aims to improve access to expert physicians, specialized care teams, […]

7 hours ago

Virginia Inn (Photo Courtesy of 成人X站 7)...

Sofia Silvia

Seattle staple will keep its doors open, overturning eviction notice

The Historic Virginia Inn will continue to welcome guests in Seattle.

7 hours ago

franklin county jail sheriff...

Frank Sumrall

Standoff between Franklin County sheriff, commissioners escalates over control of county jail

Franklin County Sheriff Jim Raymond declared he would openly defy a court order after county commissioners voted to establish the Franklin County Department of Corrections, which would remove control of the jail and courthouse from the county's sheriff's office, last week.

8 hours ago

How much will new Seattle Transportation Levy cost homeowners?