Proposition 1--the Highline Public Schools Bond--will raise $518,397,000 to rebuild three schools and fund critical improvements across Highline. This bond is not likely to raise taxes for most homeowners due to expiring school funding measures--regardless of fluctuation in property values.
The district does not collect more money when home values increase. If property values rise, the tax rate must decrease to generate the amount approved by voters.
Highline's community-led Capital Facilities Advisory Committee developed this bond proposal with the goal of keeping tax rates stable for property owners.
The district can influence the amount collected from taxpayers in a given year by staging bond sales in portions. The district does not sell all the bonds for the entire amount at one time. By selling the bonds in smaller portions, costs are spread over time.
Senior citizens, people with disabilities and veterans with disabilities can qualify for a tax exemption. For details, please visit the King County Assessor's website.
Tax rates for school funding measures fluctuate as property values change. The school district asks voters to approve a dollar amount, not a tax rate. If property values increase, the tax rate decreases to generate the amount approved by voters.
Local Highline Public Schools Tax Rates
|Year||Local School Tax Rate per $1000 assessed value|
|2023||$4.40 (estimated, including 2022 bond if passed)|
Tax rate information updated 10/6/22.
King County updated its projections for property values in October to reflect slower-than-expected growth in home valuation in Highline neighborhoods in 2023. This changed the estimated tax rate— but not the amount— for the bond.
The update does not affect the dollar amount homeowners will pay for the bond.
On November 22, 2022, King County again updated its projections, resulting in a new estimated tax rate of $4.03 per $1,000.