CB 121120 — Version 1 https://webapi.legistar.com/v1/seattle/Matters/16502/Texts/17819 CITY OF SEATTLE ORDINANCE __________________ COUNCIL BILL __________________ ..title AN ORDINANCE authorizing the levy of regular property taxes by The City of Seattle for collection in 2026, representing an increase above the regular property taxes levied for collection in 2025; and ratifying and confirming certain prior acts. ..body WHEREAS, to increase regular property taxes, RCW 84.55.120, since the approval of "Referendum 47" on November 4, 1997, requires the City to enact a separate ordinance indicating the change in taxes from the previous year in terms of percentage and total amount; and WHEREAS, The City of Seattle proposes to make its regular property tax levy for collection in 2026 in the amount reflected in the companion ordinance to this bill, which is commonly known as the "Long Property Tax Ordinance"; and WHEREAS, the Long Property Tax Ordinance for 2026 authorizes an increase above the amount of regular property taxes levied for collection in 2025; and WHEREAS, pursuant to RCW 84.55.120, after proper notice was given, the City Council held public hearings on October 7, 2025, and November 6, 2025, to consider The City of Seattle's 2026 budget and the regular property tax levy to support it; and WHEREAS, notice of the City Council's consideration of this ordinance has been provided in the usual manner for other proposed City ordinances; NOW, THEREFORE, BE IT ORDAINED BY THE CITY OF SEATTLE AS FOLLOWS: Section 1. Regular property taxes for collection in 2026 are authorized in the amount reflected in the ordinance introduced as Council Bill 121119. Not including increases resulting from the addition of new construction, construction of wind turbine facilities classified as personal property, improvements to property, and any increase in the value of state-assessed property, the regular property tax levy for 2026 collection represents an increase above regular property taxes levied for collection in 2025 (excluding the "refund fund levy" in both instances) of $112,992,323, which is a 14.48 percent increase. These regular property tax levies for collection in 2025 and 2026 include regular property tax "levy lid lifts" previously approved by the voters of The City of Seattle. Section 2. Any act consistent with the authority of this ordinance taken after its passage and prior to its effective date is ratified and confirmed. Section 3. This ordinance shall take effect as provided by Seattle Municipal Code Sections 1.04.020 and 1.04.070. Passed by the City Council the ________ day of _________________________, 2025, and signed by me in open session in authentication of its passage this ________ day of _________________________, 2025. ____________________________________ President ____________ of the City Council Approved / returned unsigned / vetoed this _____ day of _________________, 2025. ____________________________________ Bruce A. Harrell, Mayor Filed by me this ________ day of _________________________, 2025. ____________________________________ Scheereen Dedman, City Clerk (Seal) Alexandria Zhang/Edin Sisic CBO Short Property Tax 2026 (FEPP Levy Passes) ORD D2 2 Template last revised December 13,, 2022 2 Version No. 1