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6 <br />•Levy increases are limited to 1%, plus new <br />construction / improvements at prior-year’s mill rate <br />•Property tax levies have increased approximately 7% <br />annually since 2019. <br />Kittitas County 2024 Property Tax Summary <br />Public Hearing: December 5, 2023 <br />$177 <br />$247 $268 $287 <br />$546 <br />$460 <br />$0 <br />$100 <br />$200 <br />$300 <br />$400 <br />$500 <br />$600 <br />2019 2020 2021 2022 2023 2024 <br />New Construction Assessment ($Millions) <br />$14.4 $14.5 $14.7 $14.8 $15.0 $15.1 <br />$1.4 $2.8 $3.4 $4.6 $5.3 <br />$0 <br />$5 <br />$10 <br />$15 <br />$20 <br />$25 <br />2019 2020 2021 2022 2023 2024 <br />The Impact of New Construction on Tax Revenues <br />2019 Plus 1%New Construction Cumulative <br />$0 <br />$1 <br />$2 <br />$3 <br />$4 <br />$5 <br />$6 <br />2020 2021 2022 2023 2024 <br />Comparison of Levy-Limit and New Construction Levy <br />New Construction Cumulative 1% Cumulative <br />Page 13 of 21