Passage of Proposition No. 2 would replace an expiring levy and allow the levy of $7,755,871 in property taxes within Mercer Island School District No. 400 for collection in 2023, the levy of $7,885,223 for collection in 2024, the levy of $8,018,454 for collection in 2025, the levy of $8,155,683 for collection in 2026, the levy of $8,297,028 collection in 2027, and the levy of $8,442,614 for collection in 2028 to modernize its educational facilities and programs through certain facility improvements and the acquisition, implementation, and management of computer and technology systems, including infrastructure, hardware, software, online applications, and related training; and to maintain schools and support facilities by making needed infrastructure improvements. In accordance with Resolution No. 704 approving this proposition, these taxes would be collected over six years and deposited in the District’s Capital Projects Fund for acquiring and installing computer technology, related technology infrastructure, administrative expenses, and other necessary equipment purchases; and facility improvements. 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); $0.75 (2027 collection); and $0.75 (2028 collection). The exact levy rate shall be adjusted based upon the actual 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.