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: | Washington |
Jurisdiction type: | State or Territory |
| Fiscal year ending In: | 2019 |
| Program name: | Multi-Unit Urban Housing Property Tax Exemption |
| Program purpose: | Affordable Housing |
| Statutory authority: | RCW 84.14.020 |
| Abating jurisdiction(s): | State of Washington |
| Applicable taxes: | Property Tax |
| Method of abatement: | Tax Exemption |
| Provisions for recapture: | If the city determines that a portion of the property no longer meets the exemption requirements, the Tax Exemption is canceled and a lien will be placed on the land for the additional real property tax on the value of the non-qualifying improvements plus a 20 percent penalty and interest. |
| Gross revenue loss: | $23,956,000 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $23,956,000 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
