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Port of Everett & Taxes <br />Port Taxes <br />• Millage rate: $.236-cents per assessed $1,000 <br />• Total tax collection: $5 million (7.5% of budget) <br />• How are the taxes used? Environmental <br />restoration, public access and debt service <br />• How are the taxes not used? Any operating costs, <br />including salaries and benefits <br />Dist ribution of Taxes 2019 <br />.81 % <br />• Hospital <br />25.39% <br />• State School <br />9.69% <br />Fi re Di strics <br />7.11 % <br />County <br />.01% <br />Parks & Recreation <br />10.35% <br />Cities & Towns <br />.40% <br />Ports <br />4.92% <br />Roads <br />4.05% <br />• Lib raries <br />1.30% <br />• Regional Transit <br />35.97% <br />• Local Schools <br />Leasehold Excise Ta. <br />• The Port of Everett, its customers and tenants <br />pay a 12.84% Leasehold Excise Tax (LET) in lieu <br />of property tax <br />• For every $1 of Leasehold Excise Tax collected, <br />the state receives .53, the City of Everett <br />receives .31 and Snohomish County receives .16 <br />• Port collected approx. $1.35M in Leasehold <br />Excise Tax in 2019; City of Everett received <br />approx. $418K <br />• The Port's economic development activities <br />generate high value to the City (jobs, revenues, <br />income, taxes) <br />