In a recent decision, the City of Mill Creek has enacted a 1% increase in the 2024 property tax levy rate, now set at $0. 6820 per $1,000 assessed value. This adjustment occurs as the average assessed value of homes in the city has dropped by 8. 8%, reflecting broader economic trends in Snohomish County, where home values declined by an average of 7. 0%.

The overall property tax levy rate for 2024 will be $8. 6745 per $1,000 assessed value, with the city's portion comprising only 8% of that total. The Snohomish County Assessor's Office is tasked with updating assessed values and determining levy rates, ensuring transparency and fairness in the taxation process. In addition to the levy rate changes, the Assessor's Office offers several tax relief programs designed for senior citizens, individuals with disabilities, and low-income households, helping to mitigate the impact of property taxes. Residents seeking further information on property tax calculations and relief options can visit the relevant sections of the Snohomish County website.

This proactive approach by the city aims to balance fiscal responsibilities while supporting vulnerable community members during challenging economic times. The ongoing dialogue about property taxes underscores the importance of local governance in addressing community needs.