2025/11/19 Council Agenda Packet

Project title: An Ordinance levying the regular property taxes for the City of Everett for fiscal year commencing January 1, 2026, on all taxable property, both real and personal, subject to taxation thereon Council Bill # interoffice use CB 2510-61 Project: 2026 Regular Levy Property Tax Ordinance Partner/Supplier: NA Location: NA Preceding action: NA Fund: 002/General Fund Agenda dates requested: Briefing, Public Hearing & 1st Reading 11/05/25 Briefing, Public Hearing & 2nd Reading 11/12/25 Briefing, Public Hearing & Action 11/19/25 Ordinance X Public hearing X Yes No Budget amendment: Yes X No PowerPoint presentation: X Yes No Attachments: Ordinance Department(s) involved: Finance Contact person: Heide Brillantes, Finance Director Phone number: Email: HBrillantes@everettwa.gov Initialed by: HB Department head Administration Council President Fiscal summary statement: The 2026 regular property tax levy estimate is $42,382,111.06, plus amounts made available from new construction, annexations, state-assessed utilities, and refund levies. The Ordinance includes a one percent increase in the regular levy, which equals $419,624.86. Project summary statement: To establish the annual property tax levies for the General Fund, City Council must adopt an Ordinance that identifies the levy amount, and both the dollar increase and percentage increase over the prior year’s levy. As a matter of practice, we estimate the amounts to be used and ask the Assessor to determine and use the correct rates for property taxes. Recommendation (exact action requested of Council): Adopt an Ordinance levying the regular property taxes for the City of Everett for fiscal year commencing January 1, 2026, on all taxable property, both real and personal, subject to taxation thereon. City Council Agenda Item Cover Sheet