Providing tax relief to Washington residents impacted by the atmospheric river and winter weather event.
By resolution, returned to Senate Rules Committee for third reading.
Summary
The bill lets Washington counties lower the assessed value of homes and other property that were destroyed or lost more than 20% of their value due to the recent atmospheric river disaster. It then reduces or refunds the property taxes owed for the year of the loss, and gives a three‑year tax exemption for qualifying improvements to single‑family homes. The measure aims to ease the financial burden on residents who suffered major storm damage.
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