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 or Territory: | Washington |
| Effected Jurisdiction: | City of Seattle |
Jurisdiction type: | Municipality |
| Fiscal year ending In: | 2018 |
| Program name: | Historic Properties Incentives |
| Program purpose: | Historic Preservation |
| Statutory authority: | Chapter 84.26 RCW, RCW 84.26.020(2) and RCW 84.26.050(2) |
| Abating jurisdiction(s): | City of Seattle, Washington |
| Applicable taxes: | Real Property Tax |
| Method of abatement: | Reduction in assessed value |
| Provisions for recapture: | When property classified and valued as eligible historic property under RCW 84.26.070 becomes disqualified for the valuation, additional taxes, applicable penalties and interest are collected. |
| Gross revenue loss: | $696,000 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $696,000 |
| Type of loss: | Passive |
| Additional notes on dislosure: | (none) |
| Document source: | https://www.seattle.gov/city-finance/financial-and-audit-reports/annual-... |
