Property Tax Exemptions and Deferrals offered by King County Assessments Department
Property Tax Exemptions and Deferrals offered by King County Assessments Department
Property Tax Exemption Program - Exemptions vary based on income - Adults, 62 and older, must meet low-income requirements OR - Be physically disabled (can be any age) and unable to work or a veteran - Approves exemptions of property owned by non-profits Senior Citizens/Disabled Deferral - Residents who are 60 or older or are retired because of physical disability may qualify for deferral of property tax liability - Own the home and occupy it at least nine months a year - Deferred taxes become a lien on the property until you repay the total amount Limited Income Deferral - Residents who have owned their property for five years - The first half of the property taxes due April 30 must be paid before applying for the deferral on the second installment due Oct 31 - The rate of interest for the deferral is based on an average of the federal short-term rate, plus 2 percent - The deferred taxes, plus accumulated interest, become a lien on the property - 40% percent of the property taxes can be deferred and /or special assessments
Physical Address
201 South Jackson Street, Seattle, WA 98104
Hours
M-F, 8:30am-4:30pm.
Application process
Call or visit in person. Forms also available on website. Limited Income Deferral-The first half of the property taxes due April 30 must be paid before applying for the deferral on the second installment due Oct 31 - The rate of interest for the deferral is based on an average of the federal short-term rate, plus 2 percent. The application deadline is September 1 of each year.
Fee
None.
Eligibility
Senior Citizens/Disabled Exemption –Residents who are 62 and older, or retired because of physical disability, or a veteran and have an annual household income of $58,423. Must own and occupy as a primary residence Senior Citizens/Disabled Deferral - Residents who are 60 or older or are retired because of physical disability and have an annual household income of $67,411. Must own and occupy as a primary residence or less, may qualify for deferral of property tax liability. Limited Income Deferral – NO age or disability requirement. A deferral of the 2nd installment of property taxes/or special assessment. Residents who have owned their property for five years, occupy as a primary residence and have an annual household disposable income of $57,000. The total deferral cannot exceed 40% of the owner's equity (proof of equity value is required). The deferred taxes, plus accumulated interest, become a lien on your property until the total amount is repaid.
Service area
King, WA
Agency info
King County Assessments Department
Provides property tax exemptions to eligible homeowners.