Resolution No. 3854 1 of 1
Resolution No. 3853
Item Number: 10a.1 reso 1
Meeting Date: November 17, 2026 2
PORT OF SEATTLE
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RESOLUTION NO. 3854
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A RESOLUTION
of the Port Commission of the Port of Seattle
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specifying the dollar and percentage change in the
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regular property levy from the previous year per
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RCW 84.55.120; providing for an increase of the
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levy from
$
90,182,069 to
$97,587,934.
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WHEREAS,
the Port of Seattle in the Commission has met and considered its
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budget for the calendar year 2027; and
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WHEREAS,
the Port of Seattle's Commission, after hearing and duly considering
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all relevant evidence and testimony presented in a public hearing held pursuant to RCW
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84.55.120, has determined the Port of Seattle requires a regular levy in the amount of
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$
97,587,934, which represents the levy rate of approximately $0.1112 per thousand of
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assessed value; and
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WHEREAS,
the levy amount includes an increase in property tax revenue from
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the previous year to discharge the expenses and obligations of the district in its best
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interest.
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NOW, THEREFORE, BE IT RESOLVED,
by the Port Commission of the Port
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of Seattle, that a property tax levy is hereby authorized in the amount of $97,587,934, an
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increase of $7,405,865 (an estimated 8.2 percent increase from 2026). Excluding the new
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construction, any Tax Increment Finance Area, State Utilities Value, and refund amount,
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the increase is $6,516,884 (an estimated 7.2 percent from 2026) for tax filing purposes.
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ADOPTED by the Port Commission of the Port of Seattle at a duly noticed meeting held 28
this 23rd day of November 2026 and duly authenticated in open session by the signatures of the 29
Commissioners voting in favor thereof and the seal of the Commission. 30
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Port Commission 41
