Return to HOME page.

ALL COUNTIES IN WASHINGTON STATE

LOCAL REGULAR PROPERTY TAX
GROWTH RATE FROM 1988 to 1995

Taxes up 77 percent since 1988!

The growth index (red line) for a particular year is the ratio of the variables value in that year to its value in 1988. For example, the ratio of the total of all counties regular property taxes in 1995 to taxes in 1988 is 1.77. That is a 77 percent increase over the 7 years between 1988 and 1995.

WOW! Taxes are growing 11% a year!

The projected property taxes below are based on a growth rate of JUST 9.18% per year, using a home with a 1996 assessed value of $100,000. They are expressed as a percentage of 1996 wages as they compound for the next 25 years. The left hand side of the table is without Initiative 184. The right hand side shows the effect Initiative 184 will as it controls runaway property taxes.

Year Taxes growing
at 9.18% a year
Taxes with I- 184 Wages with a 2.8% CPI growth rate Taxes as % of wages Taxes as % of wages with I-184
1996 $1,353.00 $1,353.00 $30,000.00 4.51% 4.51%
1998 $1,761.00 $1,515.00 $31,704.00 5.40% 4.65%
2000 $2,099.00 $1,634.00 $33,504.00 6.09% 4.74%
2005 $3,256.00 $1,973.00 $38,464.00 8.24% 4.99%
2010 $5,052.00 $2,383.00 $44,160.00 11.13% 5.25%
2015 $7,837.00 $2,878.00 $50,698.00 15.04% 5.52%
2020 $12,158.00 $3,476.00 $58,204.00 20.32% 5.81%
Net change 779% 157% 94%
Total taxes $129,864.00 $58,869.00

WITHOUT TAX CONTROL you will pay $129,864.00 in taxes as they grown 779%!
WITHOUT TAX CONTROL property taxes will take 20.32% of your yearly wage by the year 2020!
WITH INITIATIVE 184 you will still pay $59,834.00 in taxes, they will have grown only 99%.
WITH INITIATIVE 184 your property taxes will take only 5.81% of your yearly wages in 2020.
WITH INITIATIVE 184 you will have cut $70,968.00 off your property tax bill.


ACTS
Anonymous Citizens for Tax Sanity
409 Q St.
Port Townsend WA 98368
Phone: 360-385-0786
E-Mail to dwren@olympus.net

Last Modified 11/20/97


Return to HOME page. ----- Go to TOP of this page