|
Property Tax Relief for Seniors
Over the years, many seniors have contacted me about their increasing property taxes. Despite our region’s economic growth, many seniors on fixed-incomes are struggling as property taxes and the cost of living increase, but monthly incomes stay the same. Starting in 2020, seniors with 2019 annual incomes below $58,423 may be eligible for property tax relief.
To learn more and apply, you can go to www.kingcounty.gov/depts/assessor/TaxRelief or call 206-296-3920. If you have any questions, don’t hesitate to contact me at 206-477-1007 or pete.vonreichbauer@kingcounty.gov.
2020 Tax Year Qualifying Income Brackets (based on 2019 income)
INCOME |
EXEMPTION |
$49,436 - $58,423 (in previous years: $35,001 - $40,000) |
Standard Exempt from all excess levies and no reduction to the assessed value. |
$40,448 - $49,435 (in previous years: $30,001 - $35,000) |
Partial
Exempt from regular tax levies on the first $50,000 of assessed value or 35%, whichever is greater, to a maximum limit of $70,000, and exempt from all excess levies. |
$40,447 or less (in previous years: $30,000 or less) |
Full
Exempt from regular tax levies on the first $60,000 or 60% of assessed value, whichever is greater, and exempt from all excess levies. |
With best wishes,
Pete von Reichbauer
King County Councilmember
|
|