Treasury Operations

TreasuryOperations

Most King County offices will be closed on Thursday and Friday, for the Thanksgiving holiday.

Many King County services are continually adapting because of the COVID-19 pandemic. Each agency will update its pages with current information.

Find certified small business contractors and suppliers

With restrictions about COVID-19 rapidly changing, please check with individual departments to be sure a building is open before you seek in-person service. Also, some downtown buildings are not open to the public due to a project to close the Administration Building and relocate the agencies affected. This project will continue at least through the end of 2021.

Many King County services are continually adapting because of the COVID-19 pandemic. Each agency will update its pages with current information.

Find certified small business contractors and suppliers

With restrictions about COVID-19 rapidly changing, please check with individual departments to be sure a building is open before you seek in-person service. Also, some downtown buildings are not open to the public due to a project to close the Administration Building and relocate the agencies affected. This project will continue at least through the end of 2021.

King County Treasury Operations provides services to King County, cities and special districts in the county, and most importantly, our residents.

The property tax team handles billing, collecting, distributing, and reporting of real and personal property taxes, gambling taxes, and local improvement district assessments.

In 2020, Treasury Operations will have billed, collected, and distributed nearly $6.3 billion in property taxes and $339 million in other assessments and fees to support the Countys programs and services.

Real property with at least one years tax that is three years past due is subject to foreclosure. In 2020, this would include accounts on which the 2017 full year tax is delinquent.

To purchase a property from tax foreclosure, a buyer must participate in the annual online auction, make the final bid, and make full payment immediately. All sales are final.

The Investment Pool performs accounting and cash management for all revenue funds and deposits for King County, cities, and special taxing districts. It also invests funds for King County and junior taxing districts, following best policies and procedures to maximize return and minimize risk for public funds, and ensures appropriate liquidity for all funds.

The investment pool balance peaked at $9.8 billion and averaged $7.9 billion in 2020.

The Debt Management section issues and administers short and long term King County debt, including such instruments as General Obligation bonds, Lease Revenue bonds, and Sewer Revenue bonds.

Proceeds support such capital activities as Harborview Medical Center, County office space, upgrading King Countys technology infrastructure, solid waste, public transportation, water quality, and open space acquisitions.

SEC Rule 15Ba1-1(d)(3)(vi)(B) creates a fiduciary duty upon municipal advisors who provide advice to municipal entities within the scope of the rule.

King County uses an Independent Registered Municipal Advisor (IRMA) for its debt management programs in accordance with the exceptions to the SEC Municipal Advisor Rule.

King Countys investment team manages an approved list of broker/dealers. Refer to the miniRequest For Proposal(RFP) in accordance with the exceptions to the SEC Municipal Advisor Rule.

Hours: Monday-Friday, 8:30 am-4:30 pm PST

Property Tax Information and Customer Service

Mobile Homes/Commercial Personal Property

Maintenance Assessment Management Systems

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