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Residents press Lynnwood council to avoid big property‑tax hike as levy hearing opens
Summary
At a required public hearing on the 2026 property tax levy, staff presented levy mechanics and options; dozens of residents urged restraint and opposed taking the city's full banked capacity (about $3.85 million), citing prior recent increases and impacts on homeowners and seniors.
City staff told the Lynnwood City Council on Nov. 10 that the city’s 2025 assessed valuation totaled roughly $10.8 billion, and the current levy amount is $7.2 million (about $0.67 per $1,000 of assessed value), which equates to roughly $424 per average home in the city. Staff explained banked capacity is approximately $3.85 million and that the city must certify its levy to the county by statutory deadlines; council will take final action on Nov. 24.
During the hearing, many…
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