Bill > HB1004

This bill increases the personal property tax exemption from an unspecified previous amount to $50,000 and modifies several related provisions in Washington state law. Specifically, the bill requires individuals claiming the exemption to attest under penalty of perjury that their total taxable personal property's replacement cost is less than $50,000 and that they are claiming only one such exemption statewide for the calendar year. The bill also clarifies definitions of terms like "personal effects," "private motor vehicle," and "mobile home," and updates procedures for how county assessors can cancel or correct property tax assessments. Importantly, the bill's implementation is contingent on voters approving a constitutional amendment related to the $50,000 personal property tax exemption, with the provisions set to take effect on January 1, 2026, only if the amendment is validly approved at the next general election. If the constitutional amendment is not approved, the entire section modifying the personal property tax exemption will become void.

Budget and Finance

https://app.leg.wa.gov/billsummary?BillNumber=1004&Year=2025&Initiative=false