Washington SB6316 creates a homestead exemption for seniors, disabled retirees, and disabled veterans.

Washington SB6316 introduces a homestead exemption for seniors aged 61 and older, individuals retired due to disability, and veterans receiving disability compensation from the U.S. Department of Veterans Affairs. The exemption applies to a portion of the assessed value of a residence, reducing property taxes. The exemption amount is $150,000 for those with a combined disposable income of $65,000 or less. The exemption is subject to conditions, including the residence being the claimant's principal place of residence. The exemption continues for up to six years unless renewed.

Washington SB6316 creates a homestead exemption for seniors, disabled retirees, and disabled veterans.

Washington SB6316 introduces a homestead exemption for seniors aged 61 and older, individuals retired due to disability, and veterans receiving disability compensation from the U.S. Department of Veterans Affairs. The exemption applies to a portion of the assessed value of a residence, reducing property taxes. The exemption amount is $150,000 for those with a combined disposable income of $65,000 or less. The exemption is subject to conditions, including the residence being the claimant's principal place of residence. The exemption continues for up to six years unless renewed.