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City staff outlines proposed 4.13% tax-levy increase in Washington
Summary
A City of Washington staff member explained a proposed 4.13% city tax-levy increase, saying 0.99 percentage points come from new development (which pays its own share) and the effective increase for existing property owners is about 3.14%, or roughly $5.81 per average household per year.
A staff member representing the City of Washington outlined a proposal by the city council for a 4.13% increase in the municipal tax levy and explained how that change would affect property owners.
The staff member said the city receives about 6% of a typical property tax bill and that the remainder — about 94% — goes to other taxing bodies. "When you pay your property tax bill, only a small portion actually goes to the City of Washington," the presenter said.
The presentation explained equalized assessed value, or EAV, as the county- and state-determined…
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