Business

Property taxes bring in $8.6 billion

Statewide property tax revenue rose 5.4 percent to $8.6 billion this year, with about 70 percent of the increase coming from new construction and higher voter-approved levies, the state Department of Revenue announced this week.

Revenues for schools, through local school levies and the state school levy, increased 5.7 percent to $4.7 billion. County levies rose 3.6 percent to $1.4 billion, city levies increased 6.3 percent to $1.2 billion and junior taxing districts went up 5.3 percent to $1.4 billion.

For more information about property taxes, go to www.dor.wa.gov.

Rolf Boone, The Olympian

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