Passage of Proposition No. 1 would replace an expiring levy and allow for a levy up to $70,000,000 in property taxes within Bellevue School District for collection in 2023, a levy up to $75,000,000 for collection in 2024, a levy up to $79,000,000 for collection in 2025, and a levy up to $84,000,000 for collection in 2026. In accordance with Resolution No. 2021-28 approving this proposition, these taxes would be deposited in the Bellevue School District’s General Fund. These additional funds pay for the day-to-day classroom operational needs that are not funded by the state such as the seventh period at middle and high schools; personnel focused on student health and well-being (nurses, counselors, and psychiatrists); special education services; advanced learning programming; orchestra, band, music and art at elementary schools; and athletics, extracurricular activities and other after school programs. If authorized by the voters, and based on projected assessed valuation information, estimated levy rates per $1,000 of assessed value would be $0.75 (2023 collection), $0.75 (2024 collection), $0.75 (2025 collection), $0.75 (2026 collection). The exact levy collection will be subject to the legal limits at the time of the levy and the rate shall be adjusted based upon the actual amount certified and the assessed value of the property within the District at the time of the levy.
Exemptions from taxes may be available to certain homeowners. To determine if you qualify call the King County Assessor at (206)296-7300.