South Whidbey port commissioners agree on tax increase
July 15, 2008 · Updated 9:43 AM
Port of South Whidbey commissioners unanimously agreed to put a tax increase on the November ballot to pay for the $9 million makeover of the Langley Marina.
At their meeting Wednesday night, port commissioners decided on a ballot measure for a 9-cent increase in the port's property tax levy. The levy would be assessed for 20 years.
Currently, the port collects 10.5 cents per $1,000 of assessed value.
If the measure passes in November, homeowners would see a roughly $34 per year increase for a home valued at $360,000. The total levy for an owner of a $360,000 home would be approximately $70 a year.
Port officials also agreed on a final design for Phase I of the project. It will add 67 leasable slips, including several stern-to-boat tie-ups.
"Investing in a structure like this is the right thing to do if we want to encourage the economy to grow," said Port Commissioner Geoff Tapert.