Item Number: ___10a.1 reso___
Meeting Date: November 18, 2025
PORT OF SEATTLE
RESOLUTION NO. 3840
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 $88,389,944 to
$
90,180,054.
WHEREAS,
the Port of Seattle in the Commission has met and considered its
budget for the calendar year 2026; 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
$
90,180,054, which represents the levy rate of approximately $
0.0998 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 $90,180,054, an
increase of $1,790,110 (an estimated 2.0 percent increase from 2025). Excluding the new
construction and refund amount, the increase is $295,223 (an estimated 0.3 percent from
2025) for tax filing purposes.
ADOPTED by the Port Commission of the Port of Seattle at a duly noticed meeting held
this 18th day of November, 2025, 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
