VIDEO: King Co. property owners in for sticker shock

King County property owners are in for a sticker shock. Sections. WATCH. 44 ...

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King County Homeowners Warned Of 'sticker Shock' Ahead Of …

2 weeks from now

A Seattle Council member warned of the 'sticker shock' surrounding a proposed property tax increase to raise money for housing. In a morning hearing on the $970 million levy, North …

democraticunderground.com

$970
OFF

Seattle Homeowners Face Sticker Shock With New Levies

2 weeks from now

Seattle homeowners should be prepared for sticker shock when they open their property tax bills next year following the 2023 approval of a $970 million affordable housing levy and a potential …

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FAQs about VIDEO: King Co. property owners in for sticker shock Coupon?

Have King County property tax bills been sent out?

King County property tax bills have been sent out and there will be sticker shock for some when they are opened. The 2021 property taxes in Algona have jumped 18%, and in neighboring Pacific, the 2021 property tax bill will jump 13%. ...

Is King County facing a 'dramatic fiscal situation'?

FILE – A photo of the outside of a home in King County. King County Executive Dow Constantine warned the county would face a “dramatic fiscal situation” and additional cuts next year without action from the state legislature that would allow King County to boost property taxes. (KOMO News) ...

What is the limit on property tax increases in King County?

In King County, there is a 1% limit on the increase in property tax revenues, but voters can opt to exceed it. Roughly, 43% of your property tax bill is driven by voter-approved levies. ...

How much money will King County save by reducing property taxes?

The reductions are expected to save a total of $12.6 million. However, Constantine warned the county would face a “dramatic fiscal situation” and additional cuts next year without action from the state legislature that would allow King County to boost property taxes. ...

How will King County's property tax law affect its general fund?

The possible future cuts are to services like public health, the county legal system and elections workers. The state law, which was passed in 2007, caps property tax increases at 1%. King County said the law is having a huge impact on its general fund, which is filled mostly by property taxes. ...

Will King County get more tax cuts next year?

However, Constantine warned the county would face a “dramatic fiscal situation” and additional cuts next year without action from the state legislature that would allow King County to boost property taxes. The possible future cuts are to services like public health, the county legal system and elections workers. ...