HJR 4205 proposes a constitutional amendment to cap Washington's total property tax levies at 1% of a property's true value annually. This would affect all Washington property owners by limiting annual tax rates, with specific exceptions allowing school/fire districts to exceed the cap for up to 4-6 years for facility projects, and taxing districts to exceed it for bond payments on capital projects. The amendment requires voter approval at the next general election and would replace the current constitutional tax limit in Article VII, section 2. It does not change current tax rates but sets a new annual ceiling for all property taxes combined.
HB 1746 adjusts how Washington state provides supplemental funding to public schools based on local property tax levies. It calculates state assistance by comparing a school district's actual levy rate (per $1,000 assessed value) to a $1.50 threshold, with full funding for districts meeting or exceeding that rate. The bill extends this formula to tribal schools (starting 2022) and charter schools (starting 2025), capping per-student assistance at $2,000 (adjusted for inflation) based on prior-year levy data. This funding is separate from the state's basic education program and directly affects school districts, tribal education compact schools, and charter schools that rely on local levies.
HJR 4200 proposes a constitutional amendment to increase Washington state's personal property tax exemption from $15,000 to $50,000 per head of household for taxable personal property. If approved by voters, this change would directly affect homeowners and residents who own personal property (like vehicles or equipment) subject to state taxation. The amendment would modify Article VII, Section 1 of the state constitution to adjust the exemption amount while maintaining other constitutional tax principles, such as uniformity and public purpose requirements. This measure requires voter approval at the next general election after the secretary of state publishes the amendment notice in local newspapers.
SB 5020 would exempt Washington homeowners aged 75 or older from all state and local property taxes on their primary residence, regardless of household income. To qualify, seniors must own the home (as fee simple, life estate, or contract purchase) and occupy it as their main home at the time of filing. The exemption transfers to a new primary residence if the senior sells or moves due to displacement, but does not apply to secondary homes. It takes effect for property taxes due in 2026 and later, with temporary absences for long-term care (e.g., nursing home stays) not disqualifying eligibility if the original home remains occupied by a spouse or dependent.
HB 1165 expands Washington state's property tax exemption program to help seniors, people retired due to disability, and veterans with disabilities keep their homes. The bill creates three income thresholds based on combined disposable income (including certain medical expenses), setting limits at 50%, 60%, and 70% of county median household income for 2024-2026. Homeowners meeting these income thresholds for their primary residence qualify for reduced property taxes, with thresholds adjusted every three years. This directly affects eligible residents who own or rent their primary home and meet the income criteria.
SB 5812 aims to increase funding for K-12 education and public safety across Washington state. The bill proposes to increase the levy authority for state and local property tax limits from one percent to three percent, providing more revenue flexibility for local governments and school districts. It also adjusts the school funding formula, including changes to enrichment levies and per-pupil limits, with the intent to ensure equitable funding for all school districts, particularly those in rural or historically underinvested areas.
HB 1094 creates a property tax exemption for nonprofit organizations that loan, lease, or rent property to government entities (like cities, counties, or state agencies) for character-building, benevolent, protective, or rehabilitative social services - such as youth programs, homeless shelters, or community health initiatives. It directly affects qualifying nonprofits that provide these services and government agencies using their facilities. The key provision expands existing tax exemptions by allowing property used by government for these purposes to be exempt, even if owned by a nonprofit. This policy change aims to reduce costs for nonprofits and governments delivering essential community services, effective July 2025.
SB 5604 creates a 20-year property tax exemption for new housing projects located within a designated "station area" (within 0.5 miles of a major transit stop) in Washington. To qualify, projects must include at least 20% of units affordable to low- or moderate-income households (defined as 50-80% of local median income) for 50 years, with long-term covenants ensuring affordability. Local governments must adopt regulations for station areas and oversee compliance, including recording deeds to maintain affordability. The bill aims to incentivize housing near transit by reducing development costs while mandating long-term affordability for residents.
HB 1997 reduces Washington State's statewide property tax revenue by 10% for calendar years 2026 through 2028, directly affecting all property taxpayers across the state. It modifies existing tax laws to set new levy limits for state property taxes, requiring a 10% reduction from the "highest lawful levy" amounts for those years. The bill explicitly prohibits shifting the tax burden to other taxpayers or revenue sources, maintaining the same total tax revenue level without increasing other taxes. This change applies only to state-level property taxes for common schools and related programs, not local property taxes. The measure is limited to the 2026-2028 timeframe, with tax levies reverting to standard rules after 2028.
Senate Bill 5798 proposes reforms to property tax relief for senior citizens, disabled persons, and certain veterans in Washington state. It expands the existing relief program by increasing the maximum valuation amounts for which eligible homeowners can receive property tax exemptions based on their income thresholds. The bill also clarifies eligibility rules, allowing exemptions to continue if a residence is temporarily unoccupied for long-term care and ensuring that cost-of-living adjustments to Social Security or SSI benefits do not disqualify applicants for 2024 property taxes.
