The Lynnwood City Council at its Nov. 24 meeting rejected a 53% property tax levy increase for 2026, instead adopting an 23% increase, or a $8.9 million property tax levy.

This is estimated to generate an additional $1 million toward the city’s projected $8 million 2026 general fund deficit. The motion is set to increase the City’s property tax levy by 23%, down from the 53% increase initially proposed by staff.

This ordinance will increase Lynnwood’s 2025 rate from $0.67 per $1,000 assessed value to $0.77. For the average home assessed at about $660,000, this will increase property taxes from $424 to $508 in 2026 (an $84 increase).

Per state law, all cities are required to certify their 2026 property tax before the end of November.

The council-approved amount is lower than the initial

See Full Page