Finance

Lake Stevens’ Finance Department ensures your tax dollars are used responsibly. We manage the city’s balanced budget, guarantee fiscal compliance, and safeguard the city services you expect and enjoy. 

Residents, businesses, and visitors are all essential to fund city services. These services include police, planning, economic development, parks, streets, sidewalks, public facilities, and some utilities. Funding for services is raised through a property tax, a tax on some utilities, and a sales tax. The City is limited by law to a 1% increase per year on its property tax levy. Most utility taxes are capped at 6%, and the City retains less than one cent ($0.0085) per $1 of the 9.1% sales tax. The City must seek voter approval for tax increases in addition to these revenue limits. 

Financial Transparency Center

To give taxpayers a simple breakdown of the city’s finances, the City of Lake Stevens has partnered with ClearGov, a transparency platform that creates easy-to-understand graphics about our revenues, expenditures, debt, demographics, and more.  

Click on the banner below to view the City of Lake Stevens' ClearGov page. 

ClearGov Banner Image click on link to navigate to site. Opens in new window