Property Tax Exemption Increased for Senior Citizens

Washington State has recently enacted SHB 1355 to expand property tax exemptions for seniors, individuals retired due to disability, and veterans with disabilities. Here are the key points:

1. Eligibility:
   • To qualify for the property tax exemption, you must:
     • Own and occupy a primary residence in Washington.
     • Have a qualifying income.
     • Meet at least one of the following criteria by December 31 of the assessment year:
       • Be at least 61 years old.
       • Be at least 57 years old and the surviving spouse or domestic partner of a person who was an exemption participant at the time of their death.
       • Be unable to work due to a disability (regardless of age).
       • Be a disabled veteran with a service-connected evaluation of at least 80% or receiving compensation from the United States Department of Veterans Affairs at the 100% rate for a service-connected disability.

You can learn more about the property tax exemption eligibility here. Income threshold information has not been fully updated yet.

       2. Income Thresholds: The income thresholds have increased this year, allowing more Washingtonians to qualify for the exemption. However, the specific income limits depend on your county’s median household income. There are three levels of eligibility depending on your final calculated combined disposable income.  You can apply for the property tax exemption through your counties assessor’s office.

The new law increases the current thresholds, and it provides for future increases based on the most recent County Median Household Income level.

You can find another great resource here on other property tax exemptions.
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In summary, these changes aim to provide additional property tax relief to seniors, individuals with disabilities, and veterans in Washington State.

Author

Matt Murphy, TCRCC Government and Regional Affairs Director, ​[email protected]