First approved in 2005, the six-year property tax will once again be put to voters on the August ballot. King County Executive Dow Constantine has proposed asking voters to renew the levy at the same $0.10 per $1,000 of home valuation as the current levy.
Although the rate would remain the same, the levy is projected to raise $200 million more than the current levy, thanks to the increase in home values throughout the county. The levy is expected to bring in $564 million through 2029. The owner of a median-priced home in King County (currently $803,000) would pay around $83 a year, $17 a year more than the existing levy.
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