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Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

Effected JurisdictionCity of Tacoma
Jurisdiction type: Municipality
Fiscal year ending In2020
Program nameMultifamily Housing Property Tax Exemption
Program purpose: Affordable Housing
Statutory authority: Tacoma Municipal Code, Section 6A.110.020.
Abating jurisdiction(s): Tacoma, WA
Applicable taxesProperty Tax
Method of abatement: Tax Exemption
Provisions for recapture: N/A; exemption will begin after the improvements are completed
Gross revenue loss: $1,136,000
Reimbursement / offset: $0
Net revenue loss: $1,136,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.cityoftacoma.org/cms/one.aspx?portalId=169&pageId=225714