How Much Will It Cost?
Thanks to community investments in our safety system’s staffing and resources, we’ve maintained a high level of service when it comes to our Fire Department, Police Department, and other emergency services. To ensure we can continue to meet our community’s needs, we need to act now.
The proposed plan will:
Cost the typical Redmond household approximately $30.50 a month, or $366 dollars a year, based on the average Redmond 2021 home assessed value of one million dollars, plus an estimated annual inflationary increase for six years.
Generate $10.4 million per year to cover the existing funding gap and fund critical programs.
Be paid for through a property tax increase of $0.366 per $1,000 of assessed valuation.
The current property tax rate from the 2007 levy is $0.995 of assessed valuation. If proposition 1 is approved by voters, the new total levy property tax rate would be $1.361 of assessed valuation, a 37% increase.
The actual dollars currently collected from the 2007 levy is $30.3M per year. With the additional levy, the new total tax collected would be $40.7M per year, a 34% increase.