Title 08 Taxation and Revenue
Chapter 08.15 Multiple-family Housing Property Tax Exemption
Section 08.15.120 2022 SMC Amendments and Expiration of Program
With the 2022 amendments to the program, staff will work with applicants who have previously approved conditional agreements, who have not applied for a final certificate of exemption. Conditional agreement projects can apply for a final certificate of exemption under the amended code. Those projects will qualify for a term of exemption that the project can now meet. This does not apply to contracts that have been completed a final certificate of exemption.
Pursuant to RCW 84.14.020(9), no new exemptions may be provided under Chapter 84.14 RCW beginning on or after January 1, 2032. No extensions may be granted under RCW 84.14.020 (6) on or after January 1, 2046. Upon expiration, no further applications for a conditional agreement shall be accepted. Incomplete applications shall be returned to the applicant. Pending complete applications for a conditional agreement, extension of conditional agreement, and final certificate of tax exemption shall be processed as provided in this chapter.
Date Passed: Monday, August 15, 2022
Effective Date: Sunday, September 25, 2022
ORD C36243 Section 12
