What is a Port?
A port district in the State of Washington is a municipal corporation, organized under state law and authorized by a majority vote of the residents in the proposed district, and governed by a locally elected board of commissioners. A port is NOT part of City or County government.
Does the Port collect taxes?
Yes, the Port collects a property tax levy on land within the Port District. The 2020 property tax rate for the Port was $.17 per $1000 of assessed value, or $17 for property valued at $100,000. In 2020 the Port collected $654,588 from this tax.
What makes up the Port’s revenue budget?
In 2020 the Port’s revenue from local property taxes represented about 33% of its budget. The remainder of the budget is funded primarily by income from its real estate sales and leases, boater use fees and return on any invested dollars.