The following letter was sent by former City Councilman Jim Smith, who works as a mortgage adviser, to the current council:
Just a quick word from “the street” about Lynnwood taxation.
Under the old business tax rate we paid $103 plus $10.50 per employee. We had nine employees and now 13. Our tax burden has gone from $197 per year for a business license to $1208. To put it in terms that we all understand, if the property tax on your home is $3500 per year, an equivalent increase would be that you now pay would be around $18,000… not an easy burden for an individual to pay.
Additionally, services have been drastically reduced. So the City is charging more for less. Smaller businesses are finding alternatives to Lynnwood.
Quite candidly, Lynnwood is no longer business friendly…but it doesn’t have to stay that way.
Reducing business head tax to $39 would be a big step to show business that Lynnwood cares. Small business is the backbone of American business. Please move to protect them in Lynnwood.
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