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Mountlake Terrace council approves 1% property tax levy increase for 2026
Summary
The council voted to adopt the 2025 property tax levy to be collected in 2026, approving the maximum 1% increase allowed under law; staff said the average homeowner’s bill will rise about $2.84 and the levy is expected to add roughly $33,000 to city revenues.
The Mountlake Terrace City Council voted Nov. 19 to adopt the ordinance setting the 2025 property tax levy to be collected in 2026 with a 1% increase, the lower of 1% or inflation as allowed under state limits.
Finance staff reported the 2026 assessed value for Mountlake Terrace and staff recommended the 1% increase because…
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