Analysis of the Property Tax Deferral Bill
Paul Guppy, Vice President for Research, November, 2007
As legislators meet in special session to debate whether to limit the yearly rise in the property tax burden the state and local governments place on citizens, Governor Christine Gregoire has announced a second measure intended to bring partial property tax relief to some Washington families.
The proposal would allow homeowners earning up to the state median income, $57,000 a year, to defer up to 50% of their annual property tax bill on a primary residence, subject to certain restrictions. Copies of the legislation have not been released.
Read the full Legislative Memo here