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Mount Vernon finance director explains levy-based property tax system
Summary
Doug Voleski, Mount Vernon's director of finance, outlined how Washington's levy-based property tax system works: taxing districts set a dollar levy and the county assessor divides that levy by total assessed value to produce the tax rate, so rising property values lower the rate per $1,000 while raising total assessed base.
Doug Voleski, director of finance for the City of Mount Vernon, offered a brief explanation of Washington's levy-based property tax system in a 60-second budget overview. "Washington is 1 of 2 states with a levy based property tax system," Voleski said.
Under the levy approach, Voleski said, taxing districts such as Mount Vernon set a…
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