Passage of Proposition 1 would authorize the Tukwila School District to levy annually for six years excess property taxes to pay costs for instructional technology and school improvements. The taxes collected by this levy will be deposited in the District’s Capital Projects Fund and used to pay costs to: acquire and install instructional technology infrastructure and equipment to improve student learning throughout existing school facilities; and carry out other capital projects.
The proposed six-year capital levy would authorize the collection of taxes to provide $1,350,000 in 2011, $1,350,000 in 2012, $896,250 in 2013, $896,250 in 2014, $896,250 in 2015 and $896,250 in 2016. The tax levy rate required to produce these levy amounts is estimated to be $0.44 per $1,000 of assessed value in 2011, $0.42 per $1,000 of assessed value in 2012, $0.27 per $1,000 of assessed value in 2013, $0.26 per $1,000 in 2014, $0.25 per $1,000 of assessed value in 2015, and $0.24 per $1,000 of assessed value in 2016. The tax rate of approximately $0.44 per $1,000 of assessed value projected for the first year of collection in 2011 would equate to $130.95 per year (or $10.91 per month) for a $300,000 home. Rates will decline each year thereafter.
Exemptions from taxes may be available to homeowners who are 61 or older, or disabled, and who meet certain income requirements. For more information, call the King County Department of Assessments 206.296.3920.
