Finance Department > Taxes
The Kitsap County Treasurer collects the property tax levied by the City of Poulsbo and remits it to the City on a monthly basis. The majority of these taxes are received in May and November for taxes payable to Kitsap County twice a year. The property tax is recorded in the City’s General Fund.
|2023 – Property Taxes Paid On Home With An Assessed Value of $400,000|
|Taxing Jurisdiction||Tax Rate||Tax Paid|
|Schools (State & Local)||4.799354||$1,919.74|
|Fire District #18 & EMS Levy||1.874247||$749.70|
Effective April 1st, 2023 – sales and use tax within the City of Poulsbo will increase one-tenth of one percent (.001), bringing the total sales tax rate to 9.3%. The tax will be used for transportation services.
The State of Washington collects the 9.3% sales tax paid to vendors doing business within Poulsbo city limits and will distribute the City’s portion (1.2%) back to the City on a monthly basis. 1% of the received sales tax is recorded in the City’s General Fund, the newly approved .1% will be recorded in the Transportation Benefit District fund, with the remaining .1% recorded in the Affordable Housing Fund.
Sales tax is the City’s largest revenue source and, although it is a healthy source of income for the City, the City has historically been very conservative in its estimation.
*The County keeps 10% of this revenue; the remaining 90% is distributed back to the cities located within the county, based on population.
Utility Taxes are taxes applied to utilities providing services in the City of Poulsbo. These include city-owned and privately-owned utilities. These tax rates are reviewed annually.
Effective Utility Tax Rates:
- Water (12%)
- Sewer (12%)
- Solid Waste (6%)
- Storm Drain (12%)
- Electric (6%)
- Natural Gas (6%)
- Telephone (6%) – exclusive of Internet based services
- Cable Services (6%) – exclusive of Internet based services
The remaining taxes are composed of miscellaneous taxes that include: