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Lake Stevens holds property‑tax hearing and approves levy; council approves first reading of 2026 budget
Summary
City staff told council the 2026 levy amount is about $6.7 million with an estimated levy rate near $0.69 per $1,000; council adopted the levy ordinance and approved the first reading of the 2026 budget, with two councilmembers recorded as opposing the first reading.
Lake Stevens finance staff presented the city’s 2026 property‑tax hearing and the first public reading of the 2026 budget on Nov. 18. Barb (finance staff) told council that assessed values in the city rose about 5.5% year‑over‑year and that the implicit price deflator for 2026 is 2.44 percent. The city’s highest lawful levy was shown at roughly $6.6–$6.7 million and staff calculated a resulting levy rate of approximately $0.69 per $1,000 of assessed value.
Barb summarized levy…
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