b'Information on Property TaxesT he City understands thatNormandy Parkyour annual property tax bill represents one of your most significant annual expenses.Property Tax DistributionWe have also heard from many Normandy Park residents whoState School Part 1 Tax- 12.4%saw an increase in their 2024 property taxes. So, we wantedState School 2 McCleary - 6.7% Fees & Charges - 6.8%to take this opportunity to talk about the property tax systemFlood - .5% Port - .8%Fire - 12.5%and the increase you probablySound Transit -1.3% saw this year. EMS - 1.7% Other -2.0% Why did so many Normandy ParkLibrary - 2.2% residents see increased property taxes in 2024? City Tax - 11.9%The amount of property tax you pay as a resident is based on your assessed value and the total levy rate. In 2024, these two itemsLocal School -31.1%County Tax - 10.2%increased for Normandy Park residents, increasing property taxes for most. Because both these numbers increased, many residentsIf you have any questions or need additional information saw a significant increase. about this topic, please do not hesitate to contactWhy did my Total Levy RateCity Manager Amy Arrington at 206.248.8246.increase?The information provided on the King County Assessors websiteAbove is a table from theEven though the City decreased shows that the total levy rate inAssessors website showing yourits levy amount, the dollar 2024 was $12.27195, compared toproperty tax distribution. As youamount you paid to the City $11.64792 in 2023. Because of thiscan see, 50% of your taxes go towill most likely increase in increase, you paid an additionalschools (both state and local), and2024. The average increase for a $0.62403 for every thousandthe other three primary recipientshome assessed at approximately dollars of assessed value.are the County, Fire District, and$1,000,000 was about $75 for So, not only did the value ofthe City of Normandy who receivesthe year. This increase helps us your property increase but so did11.9% of your total tax bill.keep up with rising costs and the dollar amount you paid onBased on information providedsupports your daily services, that value.by the Assessor, most of the taxingwhich include police, permitting, Who determines the total agencies that serve Normandy Parkfacilities maintenance, community levy rate?increased their levy rate, whichdevelopment, and other functions This number combines all theequates to an increase in the totallike administration, finance, and levies set by the taxing agencieslevy rate and your property taxes. Ifclerk support services.that serve Normandy Park. Andyou research the this topic further,The City appreciates our citizens. Normandy Park residents haveyou will see that the City of NormandyWe want to continue to provide over ten agencies that levy yourPark was one of a few agencies thatoutstanding services, and our property.reduced its levy amount.property taxes help us with that. www.NormandyParkWA.gov 15'