SB5770 creates a primary residence property tax exemption in Washington, exempting a portion of the assessed value of a principal residence from.

The bill introduces a primary residence property tax exemption in Washington, exempting a portion of the assessed value of a principal residence from state property taxes. The exemption applies to single-family dwelling units, including manufactured/mobile homes and floating homes, and is in addition to existing exemptions. To qualify, the residence must be occupied by the claimant as their principal place of residence for at least 184 days in a calendar year. The exemption amount is the greater of $100,000 or 60% of the county median residential assessed value.

SB5770 creates a primary residence property tax exemption in Washington, exempting a portion of the assessed value of a principal residence from.

The bill introduces a primary residence property tax exemption in Washington, exempting a portion of the assessed value of a principal residence from state property taxes. The exemption applies to single-family dwelling units, including manufactured/mobile homes and floating homes, and is in addition to existing exemptions. To qualify, the residence must be occupied by the claimant as their principal place of residence for at least 184 days in a calendar year. The exemption amount is the greater of $100,000 or 60% of the county median residential assessed value.