By David Pan 

Mukilteo property taxes to rise by almost 10%

 

Last updated 3/9/2021 at 1:38pm

Mukilteo homeowners better prepare themselves.

Property taxes are going up.

Mukilteo residents will see a 9.9% increase in their property taxes in 2021, according to information released by the Snohomish County Assessor's Office last week. The increase is the second highest in the county with only Darrington higher at 10%.

The assessed value for houses in Mukilteo increased to $599,600 from $569,300, with the levy rate increasing to 8.7245% from 8.3581%.

Last February, voters approved a $240 million Mukilteo School District capital projects bond measure. The measure resulted in a tax rate increase of 94 cents per $1,000 of assessed property value. That means for a home valued at $500,000, owners will see their taxes climb $47 per year.

The city passed a 1% increase in tax revenue over the 2020 amount. From 2020 to 2021 because assessed values went up, the city's levy rate decreased 3.3% - from $1.03823 in 2020 to $1.00436 for 2021.

Most of Mukilteo's neighbors will see decreases in property taxes. Edmonds (-6.4%), Everett (-4.6%), Lynnwood (-6.9%) and Mill Creek (-8.6) all saw declines as a result of lower levy rates. Levy rates generally decrease due to higher assessed values.


The typical levy rate in 2020 was $10.3 dollars per $1,000 of assessed value, while the 2021 typical levy rate decreased to $9.7 dollars.

Mailing of tax statements will begin March 1. Property tax payment information for 2021 is also available online at the treasurer's office website – http://www.snohomishcountywa.gov/Treasurer.

Property taxes to be collected this year in Snohomish County will show an overall 0.06% increase over last year. Property taxes for all purposes will total $1.493 billion in 2021, up $881,000 over 2020's $1.492 billion that was levied.

The majority of the revenues generated by property taxes are allocated to schools, with local school districts accounting for 34% and state schools at 29%. Fire districts receive 10% and cities get about 9% of the revenues.

Property tax relief is available for limited-income older adults/disabled persons, and legislation was passed in 2019 that provided changes to the program beginning in 2020.

For the 2021 property tax year, the 2020 disposable income threshold for Snohomish County residents participating in and applying for the older adult/disabled persons exemption program increased from $40,000 in 2019 to $55,743 for the 2020 and 2021 tax years.


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Participants are required to reside in their principal residence located in the county for six months per calendar year to qualify for 2021 tax relief, a change from the nine-month occupancy requirement for the 2020 tax year.

There are several tax relief programs available that are administered by the assessor's office. Information about the programs can be found on the back side of the property tax statements or by visiting the assessor's office website at: http://www.snohomishcountywa.gov/Assessor.


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Editor's note: The printed version of this story contained inaccurate information about the city's levy rate. The story has been updated to reflect the correct numbers.

 

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