Bill > HB1165

This bill modifies the property tax exemption program for seniors, people retired due to disability, and veterans with disabilities by adjusting income thresholds for eligibility. Specifically, the bill updates the definitions of "income threshold 1", "income threshold 2", and "income threshold 3" for different tax collection years. For taxes levied in 2024 through 2026, the income thresholds will be calculated as a percentage of the county median household income, ranging from 50% to 70% depending on the specific threshold. Starting in 2027, these thresholds will increase to 55%, 65%, and 75% of the county median household income, respectively, and will be adjusted every three years. The bill also clarifies various definitions related to the exemption, such as "combined disposable income", which includes income from the claimant, spouse, and cotenants, and allows for deductions of certain medical expenses, health care costs, and other specified expenditures. The changes aim to expand access to the property tax exemption by potentially allowing more seniors, disabled individuals, and veterans to qualify based on their income levels.

Budget and Finance

https://app.leg.wa.gov/billsummary?BillNumber=1165&Year=2025&Initiative=false