The chart below was calculated using the King county tax calculator.

Most Seattle home owners don't look at their property tax breakdown.

Funding education is important and it comprises 49% of your property tax bill. Seattle Public Schools yearly operating budget is approaching $1.5 billion.

 It is also significant to know that when you vote on Building Excellence levies (BEX) that the district consistently uses those funds for other purposes. Our school buildings average age is 48 years. We fully expect for the Seattle Public Schools to use those BEX funds to rebuild schools, especially the buildings that are over 65 years of age.

Seattle property values are at historical highs and there has never been more taxable housing units....So why is the Seattle School District struggling with funding? Where are all the funds going?

From saveseattleschool.blogspot.com