Bill > HB1410

This bill amends RCW 84.56.020, the law governing the collection of real and personal property taxes by county treasurers in Washington state. Key provisions include: - Reducing the interest rate on delinquent taxes for residential properties with 4 or fewer units from 12% to 9% per annum, effective January 1, 2023. Nonresidential properties and larger residential properties will continue to be subject to 12% interest. - Suspending penalties on delinquent taxes from the effective date of the bill through December 31, 2022. Beginning January 1, 2023, penalties will only apply to nonresidential and larger residential properties. - Allowing county treasurers to waive all outstanding interest and penalties on delinquent taxes if the property is subject to foreclosure and the taxpayer meets certain low-income and occupancy requirements. - Providing additional payment plan options for taxpayers to manage current and delinquent taxes. - The bill takes effect on January 1, 2022.