Financial Information

Budgeting

Historically, KPUD has budgeted on an annual basis, but in 2020 we implemented a biennial (two-year) budget. The biennial budget process allows us to think strategically over multiple years instead of just balancing the budget for a single year. This biennial process does allow for amendments, adjustments, and mid-biennium review.

Property Taxes

KPUD receives property taxes from properties located in incorporated and unincorporated areas of Kitsap County. The 2025 property tax rate for KPUD was $0.04444 per $1,000 assessed value, resulting in a tax collection total of $2,861,040 in 2025. At this tax rate, an owner of a $300,000 property paid $13.33 property taxes to KPUD in 2025. The levy rate for property taxes due in 2026 is $0.044617 per $1,000 assessed value.

KPUD uses the property taxes to fund the county-wide expansion of fiber internet (broadband) infrastructure.

County-Wide Purpose: Fiber Internet (Broadband) Infrastructure

Beginning in 2025, 100% of property tax revenue collected by KPUD is dedicated to expanding access to fiber internet infrastructure throughout Kitsap County.

This funding supports KPUD’s ongoing effort to bring reliable, high-speed internet to unserved and underserved areas, helping connect homes, businesses, schools, and community services across the Kitsap Peninsula. This investment helps ensure that Kitsap County remains connected, competitive, and ready for the future.

Funding is used to:

• Continue to construct and expand the open-access fiber network throughout Kitsap County with over 900 miles already in place.
• Build middle-mile fiber infrastructure that links unserved and underserved communities to major regional broadband routes.
• Support economic development by ensuring access to modern, dependable broadband service.