Paying for regional transit
Sound Transit is funded by a combination of local taxes, federal grants, fares, interest earnings and miscellaneous revenues. Local taxes make up just over half of Sound Transit's total funding. In 1996, 2008 and 2016, voters within the RTA district approved tax increases to build and operate the regional mass transit system. These taxes are assessed only within the Sound Transit district:
|Sales & Use||1.4% ($0.14 on a $10 taxable purchase)|
|MVET||1.1% ($110 annually for each $10,000 of vehicle valuation)|
|Property Tax||$0.25 annually per $1,000 of assessed valuation ($100 annually on a $400,000 house)|
|Rental car sales tax||0.8 percent ($0.80 on a $100 car rental)|
* These rates include expanded transit funding approved by regional voters in November 2016: an additional 0.5 percent sales and use tax beginning in April 2017; an additional 0.8 percent MVET tax beginning with March 2017 initial and renewal registrations; and a new property tax of $0.25 per $1,000 of assessed valuation beginning in January 2017. An additional rental car increase of up to 1.372 percent ($1.37 on a $100 car rental) can be authorized by the Sound Transit Board in the future.
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