View your special benefit and preliminary assessment

Special benefit and preliminary assessments are now available via the LID property search tool. These numbers are estimates and are subject to change based on review and refinement prior to sending official notices of assessments to property owners. 

The property search tool is intended to give property owners an early indication of their preliminary assessments ahead of the official City Council process, which is anticipated to begin in May 2018. The property search tool is not intended to serve as an official notification of the City’s intent to form the LID. The anticipated LID formation process is outlined below. Final assessment amounts would be established by the Seattle City Council after the LID formation process has been completed, during the "Final Confirmation of Assessment Roll" in 2019.

An independent real estate appraiser looked at each property within the LID study area and determined the extent to which park and streetscape improvements in the Waterfront Seattle Program will generate special benefit. The complete special benefit study will be available by the end of April.

By the numbers

  • The independent real estate appraiser found approximately $414 million in special benefit in the LID study area.
  • The City’s proposed assessment percentage is 48.27%; this percentage would collect $200 million as identified in the Waterfront Seattle Program funding plan. 
  • The City’s proposal is a one-time assessment and would not exceed $200 million.
  • For commercial properties, the range of preliminary assessments as a percentage of market value is 0 – 2.87%. The median assessment as a percentage of market value is 0.24% or $7,300.
  • For condominiums, the range of preliminary assessments as a percentage of market value is 0 – 1.45%. The median assessment as a percentage of market value is 0.24% or $2,379.
To learn more, download the summary of special benefit results (PDF).

Resources

LID property search tool

LID background

The Seattle City Council will consider whether to form an LID over the course of 2018. The LID formation process will include a series of steps, each with opportunities for property owners to give direct input on the proposed LID.

The LID is a key component of the Waterfront Seattle Program funding plan, along with City and State funding and private philanthropy. An LID was included in the Waterfront Strategic Plan and approved by Council in 2012. In September 2017, Seattle City Council adopted Resolution 31768, reaffirming the overall funding approach for the Waterfront Seattle Program.

LID process

LID formation is a City Council-led process with many opportunities for public input, as shown in the graphic below.

Schedule

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