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.
| State: | Washington |
| Effected Jurisdiction: | King County |
Jurisdiction type: | County |
| Fiscal year ending In: | 2020 |
| Program name: | Multifamily Housing Property Tax Exemption |
| Program purpose: | Construction/rehabilitation |
| Statutory authority: | Chapter 84.14 RCW |
| Abating jurisdiction(s): | King County, Washington |
| Applicable taxes: | Property Tax Property Tax |
| Method of abatement: | Tax Exemption |
| Provisions for recapture: | If the recipient of the tax abatement fails to comply with the statutory requirements of this Chapter a lien will be placed on the property in the amount of the real Property Tax that would normally be imposed, plus a penalty and interest. |
| Gross revenue loss: | $74,000 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $74,000 |
| Type of loss: | Passive |
| Additional notes on dislosure: | (none) |
| Document source: | https://kingcounty.gov/depts/finance-business-operations/financial-manag... |
