What is the history of property tax funding for KRL?
The library’s levy grew from $6,922,715 in 2001 to $9,254,000 in 2010. That represents an annual increase of about 3.3 percent. The impact on a typical property owner during that time was much smaller. Between 2001 and 2010, the actual library tax paid by the owner of a typical single-family home in the Silverdale area grew from $81.15 per year to $83.94, an average annual increase of about one third of 1 percent. During the same period, the cost of materials and services the library uses was growing at an annual rate of about 7.3 percent.
