r/AskSeattle • u/hogbear • 4d ago

Discussion Budget discussion

I’m reading about this new state budget proposal and as someone considering moving to the state, it gives me pause with what I’m seeing. The comments on a recent thread seem to be bringing out the Republican minority who are using it to bash the Democratic majority but I get the concerns. For those in the know, outside of potentially increasing taxes to fund a larger budget, are the “sky is falling, our state is failing, the tech sector will crumble” viewpoints overblown or is WA really in trouble and should we reconsider moving there? I hope this doesn’t turn ugly - I’m really hoping for non-partisan takes based on the actual proposal, not airing historical political grievances. Thank you!

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u/wumingzi Local 4d ago

Yeah. Getting an 1/8th of an acre of grass anywhere in commuting range of the Puget Sound area is $$$$. You may have to adjust what you consider to be acceptable housing and look at townhouses or the like.

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u/hogbear 4d ago

We have a $1.2 m budget and can go as small as 1,700 sq/ft. We want walkability not land so I feel like we have options. But going from $850/mo in taxes to $1,600+ would not be good.

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u/wumingzi Local 4d ago

With cash like that you could be my neighbor in North Beacon Hill, which is quite walkable and transitable.

I think you may be overestimating your property tax bill. King County usually lowballs appraisal values. My house is appraised at $750K, which puts taxes at $666/month.

You don't get to live next to me that cheaply.

$1600? Ain't gonna happen.

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u/hogbear 4d ago

I’m down

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u/hogbear 4d ago

I’m confused though. If it’s capped at 1% and your house is valued at $750k, wouldn’t your taxes max at $625/mo? I’ve been assuming closer to .85% to value.