WA HB2743

Reduces state property taxes by $2,100,000,000 beginning with taxes levied for collection in calendar year 2027

Achieves the reduction by lowering the "part I highest lawful levy" for common school support by the $2.1 billion amount

Maintains the existing aggregate rate limit of $3.60 per $1,000 of assessed value for state property taxes levied under RCW 84.52.065

Amends RCW 84.52.065, which governs state property tax levies for the support of common schools, including principal and interest payments on school capital construction bonds