MONEY

Lynnwood city property taxes to go up by a whopping 52%

Dec 4, 2024, 10:47 AM

Lynnwood tesla...

Lynnwood City sign. (Photo: Bill Kaczaraba, MyNorthwest)

(Photo: Bill Kaczaraba, MyNorthwest)

Lynnwood residents will see their property taxes go up by a staggering 52% next year. That will average $144 annually for homeowners in the city.

The city council voted 4-3 to raise the levy to $7.2 million for 2025. Lynnwood is aiming to address a budget shortfall exacerbated by the expiration of temporary COVID-19 relief funds and grants, according to the Lynnwood Times.

Seattle City Council member Morales will resign in January: ‘Council has undermined my work’

Mayor Christine Frizzell and her supporters on the council argued that the increase is necessary to maintain essential services, including funding for three dozen positions, many of which were previously supported by temporary grants.

Council President George Hurst, who voted against the increase, expressed concerns about the impact on residents and criticized the lack of proposed spending cuts. “We could have looked at some expenditure reductions, but that’s not what the mayor and her staff were proposing,” Hurst told KIRO 7.

MyNorthwest Crime: Off-duty cop flashes gun during road rage incident in Edmonds

“The #1 issue I hear from Lynnwood residents is that they want public safety funded. These positions directly honor that request from our residents,”  Councilmember David Parshall explained.

The decision has sparked a heated debate. Some believe that unused funds from other departments could have mitigated the hike. However, supporters argue that the increase is a proactive measure to prevent future financial crises.

Lynnwood plans to conduct an efficiency study in 2025 to ensure that tax dollars are being used wisely.

To add to the problem, Washington is facing a projected budget gap of several billion dollars each year over the coming years.

Contributing: KIRO 7 News

Bill Kaczaraba is a content editor at MyNorthwest. You can read his stories here. Follow Bill on X, formerly known as Twitter, here and email him here

Money

spokane complex fire cliff mass climate change...

Luke Duecy

Smoke damage could leave surviving Spokane homes with hidden losses, consumer advocate warns

Consumer advocates are warning Spokane homeowners whose houses remain standing may still face costly damage from toxic smoke.

6 days ago

Sheriff (KSO) King County...

James Lynch

‘We are building safer communities’: King County receives $15M grant to strengthen crisis response, prevent gun violence

King County Executive Girmay Zahilay announced Tuesday that King County received a $15 million grant.

7 days ago

wa electricity bill PSE...

MyNorthwest Staff

Washington AG Nick Brown fights back against PSE’s proposed 29% electric, 20% gas rate hikes

Washington Attorney General Nick Brown is pushing back against proposed utility rate hikes from Puget Sound Energy (PSE).

11 days ago

costco settlement emails...

MyNorthwest Staff

Did you get emails from Costco? You may be owed money from a $14M settlement

Those who shop at Costco in Washington could be entitled to a share of a $14 million compensation payout, but the window to claim it ends soon.

14 days ago

goodwill portland wilt chamberlain warm-up jacket...

Jake Skorheim and Spike O'Neill Show

Portland teen’s $3 Wilt Chamberlain NBA Final jacket found at Goodwill sells for nearly $90,000

Earlier this month, 19-year-old Quinn Brown found a 1972 game-worn NBA Finals Wilt Chamberlain jacket at a Goodwill in Portland. The item sold for $89,600. 

21 days ago

goodwill portland wilt chamberlain warm-up jacket...

Jake Skorheim and Spike O'Neill Show

Portland teen finds $250K Wilt Chamberlain NBA Finals warm-up jacket at Goodwill for $3

A Portland teenager discovered a 54-year-old piece of sports memorabilia worth as much as $250,000 while rifling through a local Goodwill — and he bought it for $3.07.

25 days ago

Lynnwood city property taxes to go up by a whopping 52%