City services and facilities are paid for by tax dollars and other revenue sources. The city receives a portion of the property taxes paid (about 27%) by residential and business property owners within the city limits of Renton. And, it receives a portion of the sales tax paid (just under 10%) on goods and services purchased at businesses located in the city. Other revenue sources include other taxes, business licenses, charges for service (such as recreation fees) and grants from other governmental agencies.
Renton's 2007 total property tax rate is $10.94 (down from $11.95 last year) per thousand dollars of assessed value. This compares favorably with other nearby cities, including Kent ($11.55), Tukwila ($12.93), and Auburn ($12.36).