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2018 Property Taxes - 2018/01/26 January 26, 2018 Press Release: Shelton Mason County Journal IFiberone News From: Elisabeth (Lisa) Frazier, Mason County Treasurer RE: 2018 Property Taxes Pursuant to RCW 84.56.020, I, Elisabeth (Lisa) Frazier, Mason County Treasurer, hereby certify that the 2018 tax roll has been completed and is ready for collection beginning,January 29t", 2018. Please note that 2018 tax statements are tentatively scheduled to be mailed out the week of February 12,2018. 2018 tax information will be available on our website beginning January 29, 2018. http://property.co.mason.wa.us/Taxsifter/Search/Results.aspx As,Treasurer, I wanted to share information as to why taxpayer's may have sticker shock when they receive their property tax statements this year. Increased market values,additional voter approved levies and the new law pass by the State to fund basic education have combined to significantly impact the amount of property taxes billed for 2018 in Mason County and around the State. In the States attempt to fund basic education, Engrossed House Bill 2422 became law on October 19,2017. The state increased the state levy rate for 2018 and beyond to$2.70 per$1000 of your property market value. In 2017 the state tax rate was$1.89 per$1000 of your property's market value. Rates will vary depending on the county you live in. You will see these taxes listed on your property tax statement in two parts,State School Levy Part 1 and State School Levy Part 2 The total state school levy(Parts 1&2)for Mason County increases from$1.95 per$1000 of market value in 2017 to$2.73 per$1000 of market value in 2018 and beyond, an increase of$78.00 per$100,000 of market value in 2018. The new school funding model is designed to shift the burden of paying for basic education off local school levies (currently known as M&O levies). EHB2242 caps local school maintenance and operation levies in 2019 at$1.50 (now known as Enrichment levies) per$1000 of market value(rates will vary by county and school district). In 2018,taxpayers in school districts throughout Mason County will see an increase in their combined local (M&0) and state tax rate, as the new state tax kicks in before the old local levy(M&O) rates are phased down. In setting the cap,the new law overrides 2019 local tax(Enrichment levies) collection amounts approved by voters in past elections. This new law does not have any impact on local school district who have capital project or bond levies approved by voters. Important to Note: This change does not affect senior citizens and the disabled already qualified for a tax exemption. For further information on the property tax impacts of school funding can be found online from the Department of Revenue at.https://dor.wa.gov/FundingEd or if you have concerns about this legislation, please contact your local state representatives at http://app.leg.wa.gov/districtfinder/ The Treasurer's office has put together levy charts by Mason County school district for your reference. You can find this information under School Levy Charts online at http://www.co.mason.wa.us/forms/treasurer/School%20Levy%2OCharts.pdf