Real estate taxes in Pasco will go up next year. The city council approved a 0.25 real estate tax increase at last night’s council meeting. The vote was 4-3, with Tom Larsen, Bob Hoffmann, and Matt Watkins voting against the tax increase.
The city’s real estate tax rate will now be 0.5%, meaning the city gets $500 on the sale of a home priced at $100,000. That’s the max allowed under state law, and both Kennewick and Richland are already collecting the full 0.5%.
The city says the tax increase will add $400,000 to the capital improvements fund.
You can read more about the real estate tax increase and other news from last night’s council meeting in this TC Herald article.
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