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Renton School District

Tax Rates for School Construction Bond measure Nov. 5, 2019

What will School Construction Bond measure, on the Nov. 5, 2019 ballot cost?

Because of improved assessed property value and the many additional families and businesses that have moved into the district, this measure will not increase tax-rates, and district tax-rates will continue to decline. Renton School District tax-rates have been steadily declining over the past few years.

Even with approval of the School Construction Bond measure on the Nov. 5, 2019 ballot, the combined total district tax-rate will drop to $3.38/per $1,000 of assessed value in 2020; that’s down from the current tax rate of $3.52, a savings of $56 per year in 2020 for the owner of a median-priced house of $400,000.

Tax-rates will continue to decrease in 2021 and 2022: down from $3.38 to $2.95 (an additional savings of $172/per year for tax-payers).