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Item Number: 10a.1 reso
Meeting Date: November 17, 2026

PORT OF SEATTLE
RESOLUTION NO. 3854
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 $90,182,069 to $97,587,934.
WHEREAS, the Port of Seattle in the Commission has met and considered its
budget for the calendar year 2027; 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
$97,587,934, which represents the levy rate of approximately $0.1112 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.

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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 $97,587,934, an
increase of $7,405,865 (an estimated 8.2 percent increase from 2026). Excluding the new
construction, any Tax Increment Finance Area, State Utilities Value, and refund amount,
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
this 23rd day of November 2026 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
Resolution No. 3854
Resolution No. 3853

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