Modifies the annual regular property tax revenue growth limit in Washington.

This bill modifies the annual regular property tax revenue growth limit in Washington. It defines "population change" and "inflation" and requires the county assessor to determine the limit factor for each taxing district by October 1st each year. The bill also repeals previous sections that authorized a limit factor of one hundred one percent or less. This act applies to taxes levied for collection in 2026 and thereafter.

Modifies the annual regular property tax revenue growth limit in Washington.

This bill modifies the annual regular property tax revenue growth limit in Washington. It defines "population change" and "inflation" and requires the county assessor to determine the limit factor for each taxing district by October 1st each year. The bill also repeals previous sections that authorized a limit factor of one hundred one percent or less. This act applies to taxes levied for collection in 2026 and thereafter.