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WA HB1997
Bill
Status
2/18/2025
Primary Sponsor
Gloria Mendoza
Click for details
AI Summary
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Reduces state property tax levies by 10 percent for calendar years 2026, 2027, and 2028, applying to both Part I and Part II school support levies under RCW 84.52.065.
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The 10 percent reduction applies to the "highest lawful levy" amounts, with future years building from the reduced base plus any increases allowed under existing levy limit laws.
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Beginning in calendar year 2029, state property taxes return to being governed by standard levy limits in chapter 84.55 RCW and the $3.60 per $1,000 aggregate rate cap.
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Amends RCW 84.55.010 to establish special levy calculation rules for 2026-2028 that incorporate the reduced base amounts.
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Takes effect for tax collections beginning in 2026.
Legislative Description
Cutting statewide property tax revenues by 10 percent without creating a shift to other taxpayers.
Last Action
By resolution, reintroduced and retained in present status.
1/12/2026