Resolution No. 3830 1 of 1
Resolution No. 3829
Item Number: 10d reso
Meeting Date: November 19, 2024
PORT OF SEATTLE
RESOLUTION NO. 3830
A RESOLUTION
of the Port Commission of the Port of Seattle specifying
the dollar and percentage change in the regular property
levy from the previous year per RCW 84.55.120;
providing for an increase of the levy from $86,664,580
to
$
88,389,944.
WHEREAS,
the Port of Seattle in the Commission has met and considered its budget
for the calendar year 2025; and
WHEREAS,
the Port of Seattle's Commission, after hearing and duly considering all
relevant evidence and testimony presented in a public hearing held pursuant to RCW 84.55.120,
has determined the Port of Seattle requires a regular levy in the amount of
$
88,389,944, which
represents the levy rate of approximately $0.1031 per thousand of assessed value; and
WHEREAS,
the levy amount includes an increase in property tax revenue from the
previous year to discharge the expenses and obligations of the district in its best interest.
NOW, THEREFORE, BE IT RESOLVED
by the Port Commission of the Port of
Seattle that a property tax levy is hereby authorized in the amount of $88,389,944, an increase of
$1,725,364 (an estimated 2.0 percent increase from 2024). Excluding the new construction and
refund amount, the increase is $356,950 (an estimated 0.4 percent from 2024) for tax filing
purposes.
ADOPTED by the Port Commission of the Port of Seattle at a duly noticed meeting held this
19th day of November, 2024, and duly authenticated in open session by the signatures of the
Commissioners voting in favor thereof and the seal of the Commission.
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Port Commission
