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The City of Bellevue is the most well-managed and fiscally responsible government in the state of Washington and boasts a City Council that understands and values business. As the region's urban center, city government has made responsible investments to bring Bellevue to the stature it is recognized for today.
- Predictable, business-friendly permit system for expansion for relocation services
- AAA bond rating, one of only two in Washington and one of 48 in the nation
- $90 million in reserves
- City manager form of government
- Low crime rates
Incentives and Your Cost of Doing Business
Bellevue is the best and most cost efficient location to conduct business. The cost for core services is spread across a large base of residents and employers and the city is proactively committed to planning for future growth and infrastructure needs. Policy makers understand the value of business and municipal funding sources are friendly to business.
- Diversity base allows Bellevue businesses to be more efficient, competitive & profitable
- The only city in the region that has not increased property tax rates in the last seven years
- No employee (head tax)
- No annual business license renewal fees
- Bellevue has one of the lowest municipal assessed valuation in the region
- Budgets and new investments are not balanced on the backs of business
- Bellevue's property tax rate has declined by 32% over the past eight years
- Nine of Washington's largest cities impose a business & occupation (B&O) tax based on gross receipts. Bellevue's gross receipts B&O tax rate is average among those cities
- The 2005 levy marked the 10th time in the past 11 years where no property tax rate increase was adopted.
Bellevue's Competitive Tax Advantage (PDF)
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“Aside from the obvious social, cultural and recreational advantages of being located in the Central Puget Sound, my company has found significant economic benefit, as well, from having it's base in Bellevue. I can say without hesitation that we have no regrets whatsoever about our decision to remain a Bellevue-based company."
Steve Reynolds,
President & COO
Puget Sound Energy
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