Everett approves measure for property tax increase to stave off deficit

EVERETT — If voters approve, Everett’s new property tax rate will be $2.19 for every $1,000 of assessed value — a 44% jump over the city’s current $1.52.

The percent increase applies only to taxes paid to the city of Everett, not taxpayers’ total bill.

The proposed lid lift, costing the average homeowner an extra $29 a month, is an effort to address the city’s budget deficit. City projections put next year’s shortfall at $12.6 million and show it growing to $35.4 million in 2030.

If voters OK the extra taxes, officials’ priorities will be public safety, reopening the Forest Park pool, adding a full-time Office of Neighborhoods position and supporting the library.

https://www.heraldnet.com/news/everett-approves-measure-for-property-tax-increase-to-stave-off-deficit/