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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 JurisdictionTacoma School District
Jurisdiction type: School district
Fiscal year ending In2022
Program nameHousing projects with 5 or more units
Program purpose: Construction/rehabilitation
Statutory authority: (not specified)
Abating jurisdiction(s): City of Tacoma
Applicable taxesProperty Tax
Method of abatement: Tax Exemption
Provisions for recapture: (not specified)
Gross revenue loss: $2,793,012
Reimbursement / offset: $0
Net revenue loss: $2,793,012
Type of loss: Passive
Additional notes on dislosureThe tax abatements did not result in a reduction or loss of revenue to the district because, pursuant to state law, these taxes were reallocated to other property tax payers.
Document sourcehttps://resources.finalsite.net/images/v1689007423/tacomak12waus/z05tnpx...