summary
Introduced
02/14/2020
02/14/2020
In Committee
02/14/2020
02/14/2020
Crossed Over
Passed
Dead
03/12/2020
03/12/2020
Introduced Session
2019-2020 Regular Session
Bill Summary
AN ACT Relating to reducing the property tax; amending RCW184.52.065; and creating a new section.2
AI Summary
This bill aims to reduce the property tax rate in the state of Washington. It amends the existing law, RCW 84.52.065, to temporarily lower the state property tax levy rate from $3.60 per $1,000 of assessed value to $1.34 in 2021, $1.13 in 2022, and $0.94 in 2023. The bill also adjusts the aggregate rate for state property tax levies, bringing it down to $2.29 in 2021, $2.06 in 2022, and $1.86 in 2023. These changes are not subject to the limitations set by chapter 84.55 RCW during the 2021-2023 period, but will be subject to those limitations starting in 2024.
Committee Categories
Budget and Finance
Sponsors (7)
Jim Walsh (R)*,
Matt Boehnke (R),
William Jenkin (R),
Ed Orcutt (R),
Matt Shea (R),
Luanne Van Werven (R),
Jesse Young (R),
Last Action
First reading, referred to Finance. (on 02/14/2020)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://app.leg.wa.gov/billsummary?BillNumber=2938&Year=2019&Initiative=false |
| BillText | http://lawfilesext.leg.wa.gov/biennium/2019-20/Pdf/Bills/House Bills/2938.pdf |
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