Property Tax Information
One-third of property taxes funds Northshore schools
The costs of state and local government determine how much property tax
will be levied. These include operating costs of schools, city and
county government and other taxing districts such as the Port of
Seattle, library, hospital, fire and sewer districts. About one-third
of your property tax is collected to fund Northshore schools.
In 2008 the district will collect $3.62 per $1,000 of assessed home
value to pay for basic school operations, technology, and capital
needs. An average home in our district is valued at about $450,000, so the
average homeowner contributes about $136 per month via property taxes
to Northshore schools.
In February 2006, Northshore voters approved a levy rate of $4.21, but
that has been reduced because of the increase in property values and growth of the tax base as new businesses move into our community. The
district can only collect up to the amount approved by voters no matter
how much property values increase. When home values increase, the rate
decreases.
The following people are exempt from property taxes:
-
people who are 61 years of age or older whose total annual income is $35,000 or less;
-
those who are retired because of physical disability; and
-
widows or widowers at least 57 years of age whose spouse had an exemption at the time of his or her death.
See how Northshore property tax rates (posted 11/5/08) compare to those for other King County school districts.
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