February 13, 2007
Contact: Jim Avery, Kitsap County
Phone: (360) 337-7085
Property Tax Statements Out This Week
ORCHARD, WAóWith tax statements coming out of the Treasurerís office
this week, it is appropriate to remind Kitsap County property taxpayers that
some sizable tax increases were approved by voters in 2006. Additionally
several taxing jurisdictions have used their own authority to increase their
2007 property tax revenue above the normal 1% limit to increases.
In 2006 voters favored both the Central Kitsap Fire & Rescue (CKFR) and the
South Kitsap Fire & Rescue (SKFR) Districts by approving lid lift ballot
measures. CKFR will see an increase of 57% in their regular levy collections
while SKFR will collect 30% more in 2007 than last year.
School Districts also fared well. Voters on Bainbridge Island approved a
Capital Facility Bond and a Technology Levy that results in a 63% increase
from what was collected for similar purposes in 2006. Higher than normal
increases of 15% is levied against properties in both Bremerton and Central
Kitsap School Districts as a result of the election held a year ago on
February 7, 2006.
City of Port Orchard council members and the Port of Illahee commissioners
raised their property tax levy by 18% and 38% respectively by tapping into
previously unused levy capacity. There is very little of this so-called
banked capacity remaining in any district. With a routine 1% limit to annual
property tax growth there has been little opportunity for districts to
accumulate banked capacity since the implementation of I-747 in 2002.
The largest levy increase this year will be seen by taxpayers within the
Port of Bremerton boundaries. Port of Bremerton commissioners have formed a
new Industrial Development District (IDD) encompassing the same boundaries
as the original port district. With this new district comes an all new levy,
which will start out at a rate 45 cents per thousand of assessed value. When
added to the 30 cents per thousand regular port levy this will cause most
taxpayers in the Port of Bremerton to pay the Port about 150% more in 2007
than they did in 2006. According to the portís comprehensive plan most of
the new $4.5M revenue collected annually for at least the next six years
will be used to pay for the expansion of the portís marina in Bremerton.
Taxpayers should look closely at their tax bills. The Treasurer includes
what was paid last year to each taxing district along with what is owed this
year. If applicable, the increases mentioned above will be very apparent.