Passage of Proposition No. 1 would replace an expiring levy and allow the levy of $61,000,000 in property taxes within Issaquah School District for collection in 2023, the levy of $64,000,000 for collection in 2024, the levy of $67,000,000 for collection in 2025, and the levy of $70,000,000 for collection in 2026. In accordance with Resolution #1178 approving this proposition, these taxes would pay part of the general expenses of operating the District that are not funded by the state. General expenses of the District include employee costs (such as salaries), instructional materials, special programs, activities and sports, technology systems operation, transportation costs, maintenance of facilities and other non-capital expenses of operating the District schools. If authorized by the voters, and based on projected assessed valuation information, estimated levy rates per $1,000 of assessed value would be $1.43 (2023 collection), $1.43 (2024 collection), $1.42 (2025 collection), and $1.42 (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 levy.
If the District receives state COVID relief funding in excess of $20,000,000 the 2023 levy collection shall be based on actual student enrollment rather than pre-pandemic enrollment, which may further reduce 2023 levy collections.
Exemptions from taxes may be available to certain homeowners. To determine if you qualify call the King County Assessor at (206) 296-7300.
