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JEFFERSON COUNTY

LOCAL REGULAR PROPERTY TAX
GROWTH RATE FROM 1988 to 1995

Jefferson County Taxes up 88.6% since 1988!

In the above chart the growth index for a particular year is the ratio of the variable's value in that year to its value in 1988. For example, the ratio of the total of ALL counties regular property taxes (black line) in 1995 to taxes in 1988 shows they went up 77%.

In Jefferson County during the same time period property taxes (red line) went up 88.6%, 12.66% each year!

The projected property tax table below is based on a growth rate of JUST 9.83% per year, using a home with a 1996 assessed value of ONLY $100,000.
Wage growth is expressed as a percentage of 1996 wages starting with $30,000, they compound at the CPI growth rate of 2.8% for the next 25 years.
The left hand side of the table shows tax growth without & with Initiative 184.
The right hand side of the table shows tax growth as a percentage of wages without & with Initiative 184.

Year Taxes growing
at 9.83% 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 $1,160.00 $1,160.00 $30,000.00 3.87% 3.87%
1998 $1,399.00 $1,276.00 $31,704.00 4.41% 4.03%
2000 $1,688.00 $1,376.00 $33,504.00 5.04% 4.11%
2005 $2,698.00 $1,662.00 $38,464.00 7.01% 4.32%
2010 $4,311.00 $2,007.00 $44,160.00 9.76% 4.55%
2015 $6,890.00 $2,424.00 $50,698.00 13.59% 4.78%
2020 $11,011.00 $2,927.00 $58,204.00 18.92% 5.03%
Net change 849% 152% 94%
Total taxes $111,221.00 $48,296.00

WITHOUT TAX CONTROL you will pay $111,221.00 in taxes as they grown 849%!
WITHOUT TAX CONTROL property taxes will take 18.92% of your yearly wage by the year 2020!
WITH INITIATIVE 184 you will still pay $48,296.00 in taxes, they will have grown only 152%.
WITH INITIATIVE 184 your property taxes will take only 5.03% of your yearly wages in 2020.
WITH INITIATIVE 184 you will have cut $62,925.00 off your property tax bill.

A closer look at Jefferson County's tax rate problem.
What can you do to stop runaway taxes?

Above data furnished by Washington State Office of Program Research January 7, 1996.


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


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