Susan Dennis (susandennis) wrote,
Susan Dennis
susandennis

LID

They are tearing down my favorite road in Seattle. It's a raised highway between downtown and the waterfront. It's a joy to ride on for the views alone of both the city and the water. On the ground, it's a great umbrella from the rain and from the hot sun. The circle of people who hate how it looks overlaps fairly smartly with the circle of people who are afraid it's going to fall down and those circles constitute pretty much everyone but me. So they built a tunnel and will be tearing my favorite down.

In conjunction, they are going to revamp the waterfront. Fine. Whatever. It's pretty much for tourists only and I don't care. Except. They want those of us who live near here to pay for it. The city wants to make a LID - Local Improvement District of the properties and charge us for the privilege of inviting still more tourists to our neighborhood.

My piece of this stupid rock is projected to be $3,603 every fucking year. In addition to my real estate taxes of $5K. Thankgod I don't have a mortgage.

There is a movement afoot to tell the city to go fuck itself. I sure hope it works.

Here's the breakdown for my individual condo from the city's website:


2585000670

----------------------------------------------------------------------------------------

SPECIAL BENEFIT AND PRELIMINARY ASSESSMENT

Special benefit?: $7,464

Preliminary assessment percentage*?:48.27%

*Percentage is uniform for all properties

Preliminary assessment (special benefit x assessment percentage)?: $3,603

ADDITIONAL DETAIL

Market value without Waterfront improvements?: $497,600

Market value with Waterfront improvements?: $505,064

The difference in market value equals your special benefit number above.

Special benefit as a percentage of market value?: 1.5%

Preliminary assessment as a percentage of market value?: 0.72%

PROPERTY DATA FROM KING COUNTY ASSESSOR

Property name: FLORENTINE CONDOMINIUM

Physical address: 526 1ST AVE S #413 SEATTLE WA 98104

Mailing address: 526 1ST AVE S#413 SEATTLE WA 98104

Taxpayer name: DENNIS SUSAN

Present use: Condominium(Residential)

Zoning: PSM-85-120

Building gross square footage: 154,628

Building net square footage: 1,244


Special benefit and preliminary assessment as of: 4/5/2018

King County Assessor data as of: 1/30/2018

Tags: #413
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