Estimated Cost to Homeowners 
The estimated tax rate increase is approximately 20 cents per $1,000 of assessed value, or about $11 per month for the median home in Mukilteo School District (based on a median assessed value of $659,200*). 
*Median assessed value according to the Snohomish County Assessor’s Office. 

Leveraging State Funding 
If voters approve the bond, the district could qualify for more than $30 million in state School Construction Assistance Program (SCAP) funding for eligible projects. Without passage of the local bond, the district is not eligible to receive these state funds. These funds do not result in an additional local school tax.
*Based on current state formulas under Chapter 28A.525 RCW. Actual amounts depend on final state calculations.