Expands eligibility for historic preservation property tax special valuation in Washington.

The bill amends Washington's property tax laws to expand eligibility for historic preservation property tax special valuation. It allows properties disqualified for any reason to receive special valuation if they were qualified or the owner acted in good faith. Properties in counties listed for subsequent evaluation and under 20,000 in population can receive two seven-year extensions. Extensions must be applied for 90 days prior to expiration. The bill also states that the special valuation will be considered new construction at the end of the valuation period.

Expands eligibility for historic preservation property tax special valuation in Washington.

The bill amends Washington's property tax laws to expand eligibility for historic preservation property tax special valuation. It allows properties disqualified for any reason to receive special valuation if they were qualified or the owner acted in good faith. Properties in counties listed for subsequent evaluation and under 20,000 in population can receive two seven-year extensions. Extensions must be applied for 90 days prior to expiration. The bill also states that the special valuation will be considered new construction at the end of the valuation period.