Variations in Receipt of Benefit
Benefit Varies with Income
The benefit is an exemption of valuation from regular property tax and additional state property tax based on income. Those with income less than $30,000 are exempt from regular property taxes on the $60,000 or 60% of the valuation whichever is greater, plus 100% exemption of excess levies. For those with income between $30,000 and $35,000 are exempt from regular property taxes on $50,000 not to exceed $70,000, or 35% of the valuation, whichever is greater, plus 100% exemption of excess levies. For those with income between $35,001 and $40,000 the exemption is 100% of excess levies and part 2 of the state school levy. Excess levies are those additional property tax levies above the limits that are approved by popular vote.
How is Benefit Disbursed
Exemption from assessed value
Eligible Property Type
Characteristics of Eligible Property
Eligibility is limited to the applicant's place of residence.
Description of Eligibility Criteria
The claimant must be 61 years or older, retired from gainful employment due to disability, or a veteran with 100% service connected disability and residing in their principal place of residence where the exemption portion applies. To keep the exemption, the claimant must live in the home for more than 6 months each year. The claimant's income cannot exceed $40,000. A surviving spouse or domestic partner of someone who had the exemption is eligible if 57 or older and meets the other criteria. A renewal application is required at least once every six years. After your initial application and approval, you will be notified by your county assessor when it is time to submit a renewal application.
Local Option in Adoption of Program
Local government is unable to exercise an option
Local Option Regarding Program Features
No local option regarding program features
State Funding for Local Tax Loss
Local government covers all of its tax loss
[https://dor.wa.gov/sites/default/files/legacy/Docs/forms/PropTx/Forms/640002.doc accessed 06/18/2020]
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[https://dor.wa.gov/content/property-tax-exemption-program-senior-citizens-and-disabled-persons accessed 06/18/2020]
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