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: | City of Bellevue |
Jurisdiction type: | Municipality |
| Fiscal year ending In: | 2022 |
| Program name: | Multifamily Tax Exemption |
| Program purpose: | Affordable Housing |
| Statutory authority: | RCW 84.14 and BCC 4.52 |
| Abating jurisdiction(s): | City of Bellevue |
| Applicable taxes: | Sales 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 source: | https://bellevuewa.gov/sites/default/files/media/pdf_document/2023/City%... |
