« Return to search form

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 Bellevue
Jurisdiction type: Municipality
Fiscal year ending In2022
Program nameMultifamily Tax Exemption
Program purpose: Affordable Housing
Statutory authority: RCW 84.14 and BCC 4.52
Abating jurisdiction(s): City of Bellevue
Applicable taxesSales and use Tax
Method of abatement: Tax Exemption
Provisions for recapture: This exemption may be canceled by the city for failure to comply with the terms of the MFTE contract or city code.  Upon cancelation, property owners will become immediately liable for all taxes, interest, and penalties.
Gross revenue loss: $108,000
Reimbursement / offset: $0
Net revenue loss: $108,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://bellevuewa.gov/sites/default/files/media/pdf_document/2023/City%...