Mill Creek Approves 2024 Property Tax Levy Rate Increase Amid Declining Home Values

The City of Mill Creek has enacted a 1% increase in its property tax levy rate for 2024, which now stands at $0. 6820 per $1,000 assessed value, following a notable decline in home values. The average assessed value of homes in Mill Creek dropped by 8. 8%, exemplified by a decrease from $947,300 in 2023 to $863,700 in 2024 for a typical residence. This change is part of the city's ongoing efforts to manage local taxation effectively.

The Snohomish County Assessor's Office is responsible for the annual updates of assessed values and the calculation of levy rates for property tax purposes. Residents are encouraged to explore various tax relief programs administered by the Assessor's Office, which are designed to assist vulnerable populations, including senior citizens and individuals with disabilities. Detailed information on property tax calculations and relief options is available through the county's website. This initiative underscores the city's commitment to ensuring fair taxation and support for its residents during challenging economic times. The city's proactive approach reflects its dedication to transparency and community support in the face of fluctuating property values.