EVERETT — The city plans to take a standard 1% property tax rate increase.
While property values are increasing, other factors are lowering the total tax rate. The city rate is dropping from $1.78 per $1,000 in assessed value in 2022 to $1.51 per $1,000 in assessed value in 2023 even with the 1% increase.
Everett’s separate emergency services (EMS) levy will drop from 44 cents per $1,000 to 37 cents next year.
For the owner of a $507,000 house, a 1% increase will add $13.21 to the tax bill versus taking no increase. The city would be taxing $766.99 on that house, and EMS would be taxing $188, from county figures.
In your property tax bill, the city’s portion is 19% and the EMS levy is 5% of that bill. The biggest percentage of any property tax bill goes to schools.
Public hearings on Everett’s property tax increase will be Nov. 9 and 16 with a vote on Nov. 16. City Council meetings to be held at 6:30 p.m. at 3002 Wetmore Ave.
People can weigh in on the overall budget at the Nov. 16, 30 and Dec. 7 meetings.
For more on the Everett budget, see:
EVERETT — Mayor Cassie Franklin’s proposed $543.7 million budget avoids service cuts, and it continues the city's work on homelessness, affordable housing and climate change.
More on this story...
