WA HB1334

Changes the annual property tax revenue growth limit to 100% plus population change and inflation, capped at 103%, eliminating the previous 1% cap for most taxing districts

Redefines "inflation" from the federal implicit price deflator for personal consumption expenditures to the Consumer Price Index for all urban consumers in the western region, with data due by July 25th instead of September 25th

Removes special treatment for taxing districts with populations under 10,000 (previously allowed 101% limit factor) and repeals RCW 84.55.0101 which authorized certain districts to use 101% or less

Requires the Department of Revenue to provide limit factors to county assessors by September 1st annually, and county assessors must notify taxing districts of their applicable limit factor by October 1st

Applies to taxes levied for collection beginning in 2026 and thereafter