Our Financial Report

Property taxes received by the Port go directly towards new capital projects and paying down outstanding bond debt.
All Port operations (Industrial Park, Airport, Marina and Parks Administration) are funded by operating revenues.
Property taxes are not used to support Port operations.

Financial Key Data to Highlight

Visiting Boaters

Serves over 7,000 boats every year. Largest marina on the Columbia River.

Business Tenants

Port properties are home to 40 business tenants.

Land Lease

The Port produces over 6 jobs for each acre of land it leases.

Port Buildings

There are 20 buildings totaling nearly 275,000 square feet on Port property with an occupancy rate of 100%.

Parks & Trails

The Port manages 4 parks (Washougal Waterfront Park, Captain William Clark Park, Marina Park, and Parker’s Landing Historical Park) and 4 miles of trails along the Columbia River.

Tax Dollars

The Port collects $2.4 million in property tax annually and receives just 2.5 cents from each dollar in property tax paid by Port constituents.

Port Districts as Municipal Corporations

Technically, port districts are “municipal corporations” of the state (RCW 53.04.060), but they differ from other municipal corporations (such as cities and counties) in that they are “special purpose districts,” rather than general purpose governments. Plus, Washington’s public ports differ from other special purpose districts (such as water and fire protection) in that they have broader powers.

 

Port Finance

Port activities and functions are financed in a variety of ways. These include lease-rental fees, other charges for services and the use of land and other facilities; property tax levies; proceeds from bonds sold for capital project construction; and grants and gifts.

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