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 Tacoma |
Jurisdiction type: | Municipality |
Fiscal year ending In: | 2019 |
Program name: | Multifamily Housing Property Tax Exemption |
Program purpose: | Affordable Housing |
Statutory authority: | Tacoma Municipal Code, Section 6A.110.020. |
Abating jurisdiction(s): | Tacoma, WA |
Applicable taxes: | Property Tax |
Method of abatement: | Tax Exemption |
Provisions for recapture: | N/A; exemption will begin after the improvements are completed |
Gross revenue loss: | $1,023,000 |
Reimbursement / offset: | $0 |
Net revenue loss: | $1,023,000 |
Type of loss: | Active |
Additional notes on dislosure: | (none) |
Document source: | https://www.cityoftacoma.org/cms/one.aspx?portalId=169&pageId=225714 |