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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 Vancouver
Jurisdiction type: Municipality
Fiscal year ending In2022
Program nameMultifamily Tax Exemption
Program purpose: Affordable Housing
Statutory authority: Washington State RCW 84.14 and Vancouver Municipal Code Chapter 3.22
Abating jurisdiction(s): City of Vancouver
Applicable taxesProperty Tax
Method of abatement: Tax Exemption
Provisions for recapture: Non-compliance may result in the cancellation of the exemption.
Gross revenue loss: $967,702
Reimbursement / offset: $0
Net revenue loss: $967,702
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.cityofvancouver.us/wp-content/uploads/2023/09/COV-ACFR-12-31...