The levy imposed on real estate within a specific Washington State county funds essential public services, including schools, libraries, parks, and emergency services. This levy, calculated as a percentage of the assessed property value, varies annually depending on budgetary needs and is subject to limitations imposed by state law. For example, a homeowner with a property assessed at $500,000 and a combined rate of 1% would pay $5,000 annually.
Stable and predictable funding for vital community services is a direct result of these real estate levies. This revenue stream allows local governments to maintain infrastructure, provide essential services, and respond to the changing needs of the community. Understanding how these levies are calculated and utilized promotes informed civic engagement and contributes to a transparent and accountable local government. Historical data on these rates provides valuable insights into long-term budgetary trends and community development.
