PORT ANGELES — The Port will collect an estimated $1,039,937 in property tax in 2003, enough to pay its debt service and still have money left over for capital improvements.
That’s the report the agency’s Finance Director William James gave Port commissioners Wednesday afternoon.
The Port’s 2003 property tax rate will be 24.35 cents per $1,000 assessed valuation, or $36.52 for the owner of a $150,000 home.
The 2002 property tax rate was 21.94 cents per $1,000.
A resolution establishing the Port’s 2003 property tax rate will be introduced at a public hearing set for 9:30 a.m. Nov. 18 in the meeting room at Port headquarters, 330 W. First St.
A public hearing on the 2003 Port budget will follow at 9:30 a.m. Nov. 25.
Port Commissioner Leonard Beil said the property tax resolution should include that the Port of Port Angeles uses its tax levy for only 17 percent of its operating revenue, less than 14 of 20 “Class A” ports in the state.
It also has the fifth lowest tax rate among those 20 ports, he said.
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