Washington HB2743 reduces state property tax rates for common schools.
Washington HB2743 amends the state property tax rates for common schools. It sets the tax rate at $3.60 per $1,000 of assessed value for fiscal year 2019 and subsequent years. For tax years 2019 through 2021, the tax rate remains the same as in 2018. The bill also introduces a cap on the aggregate rate of state property taxes, limiting it to $3.60 per $1,000 of assessed value. The act applies to taxes levied for collection in 2027 and beyond.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.