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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 JurisdictionKing County
Jurisdiction type: County
Fiscal year ending In2022
Program nameCurrent Use Programs
Program purpose: Conservation of farmland, forest, open space, or water
Statutory authority: RCW 84.33.130 and RCW 84.34.010
Abating jurisdiction(s): King County, Washington
Applicable taxesProperty Tax
Method of abatement: Reduction in assessed value
Provisions for recapture: When land no longer meets the requirements for the respective classifications, abated taxes and applicable penalties and interest are collected.
Gross revenue loss: $2,541,000
Reimbursement / offset: $0
Net revenue loss: $2,541,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://cdn.kingcounty.gov/-/media/depts/finance/financial-management-se...