For the past nine years, the Seattle Department of Transportation (SDOT) has relied on a $930 million property-tax levy to pay for about 30% of its budget. That levy expires at the end of 2024. In November, Seattle voters will be asked to renew it for $1.45 billion over eight years.
For the owner of a median-valued $804,000 Seattle home, the expiring transportation levy costs $276 annually. The $1.45 billion renewal would increase that to $468 a year. Owners of rental units would also see their taxes go up, which they would likely pass along to renters.
Though that would make it the largest levy in Seattle’s history, a coalition
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