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Proposed Everett tax increase sparks controversy
EVERETT — After months of buildup, Everett voters will finally get a say next week on a proposed property tax hike — a potential temporary fix for the city’s budget deficit.
If it passes, the city’s rate will rise to $2.19 per $1,000 of assessed value, up from $1.52 — a 44% jump.
The percent increase applies only to taxes paid to the city of Everett, not taxpayers’ total bill. City staff say the bump in revenue would solve the deficit for three years.
The new tax rate would cost the average Everett homeowner an extra $28 per month, according to a city estimate.
https://www.heraldnet.com/news/proposed-everett-tax-increase-sparks-controversy/