More residents will be eligible for property tax reduction in 2020

Sunday, July 28, 2019

King County Assessor John Wilson announced that low-income senior citizens, individuals with disabilities, and disabled veterans, with 2019 annual incomes below $58,423 may be eligible for property tax relief in 2020 under guidelines published this week by the state Department of Revenue.

The previous threshold had been $40,000.

Applications for the expanded programs will be available in January 2020.

The change is the result of passage of ESSB 5160, sponsored by Senator Manka Dhingra (D-45th LD), during the 2019 legislative session.

The bill significantly expands the number of people eligible for the existing property tax exemption and deferral programs by replacing the statewide $40,000 threshold with an income level equal to 65% of the county median income. In King County that threshold is $58,423.

“This legislation is literally going to help people stay in their homes,” said Assessor Wilson. “Beginning with next year’s taxes, tens of thousands of our neighbors will get the help they need.”

ESSB 5160 expands the qualifying income thresholds for the property tax exemption and deferral programs for low-income senior citizens, individuals with disabilities, and disabled veterans, beginning with taxes levied for collection in 2020.

It also lowers the disability rating necessary to qualify as a disabled veteran for exemption program from a 100 percent rating to an 80 percent rating.

The Assessor’s website includes the latest information on implementation of these programs


3 comments:

Anonymous,  July 28, 2019 at 11:50 AM  

These are not really reductions, the property taxes due are postponed to a later date and wind up being like a lien on the property.

DKH July 28, 2019 at 6:45 PM  

Two programs: exemption and deferral

Keinas Keets July 31, 2019 at 12:34 PM  

We need the exact definition of "property tax relief".

Post a Comment

We encourage the thoughtful sharing of information and ideas. We expect comments to be civil and respectful, with no personal attacks or offensive language. We reserve the right to delete any comment.

ShorelineAreaNews.com
Facebook: Shoreline Area News
Twitter: @ShorelineArea
Daily Email edition (don't forget to respond to the FeedBurner email)

  © Blogger template The Professional Template II by Ourblogtemplates.com 2009

Back to TOP