By Oscar Halpert Herald Writer
SNOHOMISH — The City Council will hold its second public hearing on a proposal to raise property taxes 1 percent or more.
If the council approves the tax increase, the city’s levy would amount to .9106 per $1,000 of assessed valuation. Last year, the levy was .8864 per $1,000.
The exact amount of tax for an average homeowner will be clearer in December when the county assessor’s office tells Snohomish what its tax rate is, support services director Danny Weinberg said.
Last year, the council opted not to ask for the maximum 1 percent increase in property taxes allowed by law.
By law, the city is allowed to bank non-levied tax dollars for the future. The city has a total of $1,069,905 in banked capacity.
Council members could decide to use all, a portion or none of those unused dollars in addition to the 1 percent.
Snohomish is proposing to levy the amount of tax it opted not to take last year — $1,043,818 — plus an additional $10,438, or 1 percent.
It also can collect property taxes on new construction, an amount that has decreased by about half in the past year.
City property taxes account for 8.5 cents on the dollar of the total county property tax bill homeowners receive each year.
The Snohomish School District collects 48 percent, with the state getting 19 percent and Fire District 4 receiving 12 percent. The county, Sno-Isle Libraries and Valley General Hospital pick up the rest.
Oscar Halpert: 425-339-3429; firstname.lastname@example.org.
The Snohomish City Council is holding a public hearing on a proposal to increase the property tax levy 1 percent above what the city was allowed to collect last year. The hearing it set for 7 p.m. Tuesday in the George Gilbertson Boardroom, Snohomish School District Resource Center, 1601 Ave. D.