2013 residential property tax bill falls 7 percent from last year

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The 2013 residential property tax bill for the average Mountlake Terrace home dropped 7 percent from the previous year, according to figures released by the City of Mountlake Terrace. City officials were notified of the 2013 property tax statistics by the Snohomish County Assessorís Office last week.

The 2013 property tax bill for the average Mountlake Terrace home totaled $2,078; in 2012 the tax bill was $2,237. The tax bill for the average local home in 2011 was $2,335.

New figures released showed where property tax collections were allocated — K-12 education continues to receive the highest proportion of Mountlake Terrace property tax collections.

Residential property tax bill (for the average Mountlake Terrace home)
2013 — $2,078
2012 — $2,237
2011 — $2,335

Where property tax revenue is allocated (2013)
$† 896 (43.1%) — Edmonds School District
$† 438 (21.1%) — State School Fund
$† 350 (16.8%) — City of Mountlake Terrace (regular levy)
$††† 90 (4.3%) — City of Mountlake Terrace (EMS levy)
$† 195 (9.4%) — Snohomish County
$††† 90 (4.3%) — Sno-Isle Library
$††† 20 (1.0%) — Swedish Edmonds Hospital

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