This measure would replace the expiring Seattle Housing Levy and pay for housing and housing services for low-income households, including seniors, families, people with disabilities and people experiencing homelessness.
The 7-year property tax would start at about 45 cents per $1,000 of assessed property value and the city’s regular tax rate would not go up past a maximum of $3.60 per $1,000 in assessed value. Seniors, veterans with disabilities and others may qualify for an exemption from this tax.
Seattle has had an affordable housing levy since 1986. Supporters of the measure say it will raise enough money to provide 3,500 new affordable homes and stabilize housing for 4,500 individuals and families at risk of eviction and homelessness through rent assistance and other help. The measure is also expected to create 360 affordable home ownership opportunities targeted to marginalized communities.
People opposed to Proposition 1 say previous housing taxes didn’t fix Seattle’s affordability crisis and they argue that the city already has lots of other money set aside for affordable housing. Supporters of the measure counter that many people have been helped by the previous taxes, despite the growing need for help.
This measure would replace the expiring Seattle Housing Levy and pay for housing and housing services for low-income households, including seniors, families, people with disabilities and people experiencing homelessness.
The 7-year property tax would start at about 45 cents per $1,000 of assessed property value and the city’s regular tax rate would not go up past a maximum of $3.60 per $1,000 in assessed value. Seniors, veterans with disabilities and others may qualify for an exemption from this tax.
Seattle has had an affordable housing levy since 1986. Supporters of the measure say it will raise enough money to provide 3,500 new affordable homes and stabilize housing for 4,500 individuals and families at risk of eviction and homelessness through rent assistance and other help. The measure is also expected to create 360 affordable home ownership opportunities targeted to marginalized communities.
People opposed to Proposition 1 say previous housing taxes didn’t fix Seattle’s affordability crisis and they argue that the city already has lots of other money set aside for affordable housing. Supporters of the measure counter that many people have been helped by the previous taxes, despite the growing need for help.