Wash. Rev. Code § 84.55.010

Current through the 2024 Regular Session

Section 84.55.010 - Limitations prescribed

(1) Except as provided in this chapter, the levy for a taxing district in any year must be set so that the regular property taxes payable in the following year do not exceed the limit factor multiplied by the amount of regular property taxes lawfully levied for such district in the highest of the three most recent years in which such taxes were levied for such district, excluding any increase due to (e) of this subsection, unless the highest levy was the statutory maximum rate amount, plus an additional dollar amount calculated by multiplying the regular property tax levy rate of that district for the preceding year by the increase in assessed value in that district resulting from:

(a) New construction;

(b) Increases in assessed value due to construction of wind turbine, solar, biomass, and geothermal facilities, if such facilities generate electricity and the property is not included elsewhere under this section for purposes of providing an additional dollar amount. The property may be classified as real or personal property;

(c) Improvements to property;

(d) Any increase in the assessed value of state-assessed property; and

(e) Any increase in the assessed value of real property, as that term is defined in RCW 39.114.010, within an increment area as designated by any local government in RCW 39.114.020 provided that such increase is not included elsewhere under this section. This subsection (1)(e) does not apply to levies by the state or by port districts and public utility districts for the purpose of making required payments of principal and interest on general indebtedness.

(2) The requirements of this section do not apply to:

(a) State property taxes levied under RCW 84.52.065(1) for collection in calendar years 2019 through 2021; and

(b) State property taxes levied under RCW 84.52.065(2) for collection in calendar years 2018 through 2021.

RCW 84.55.010

Amended by 2021 c 207,§ 10, eff. 7/25/2021.

Amended by 2017SP3 c 13,§ 302, eff. 10/19/2017.

Amended by 2014 c 4,§ 1, eff. 6/12/2014, applicable to taxes levied for collection in 2015 and thereafter.

2006 c 184 § 1; 1997 c 3 § 202 (Referendum Bill No. 47, approved November 4, 1997); 1979 ex.s. c 218 § 2; 1973 1st ex.s. c 67 § 1; 1971 ex.s. c 288 § 20.

See 2017SP3 c 13, § 317.

Application-Tax preference performance statement and expiration-2017 3rd sp.s. c 13 ss 301-314: See notes following RCW 84.52.065.

Intent-2017 3rd sp.s. c 13: See note following RCW 28A.150.410.

Application- 2014 c 4 : "This act applies to taxes levied for collection in 2015 and thereafter." [2014 c 4 s 6.]

Intent-1997 c 3 ss 201-207: "It is the intent of sections 201 through 207 of this act to lower the one hundred six percent limit while still allowing taxing districts to raise revenues in excess of the limit if approved by a majority of the voters as provided in RCW 84.55.050." [ 1997 c 3 s 208 (Referendum Bill No. 47, approved November 4, 1997).]

Application-Severability-Part headings not law-Referral to electorate-1997 c 3: See notes following RCW 84.40.030.

Effective date-Applicability-1979 ex.s. c 218: "This act is necessary for the immediate preservation of the public peace, health, and safety, the support of the state government and its existing public institutions, and shall take effect immediately: PROVIDED, That the amendment to RCW 84.55.010 by section 2 of this act shall be effective for 1979 levies for taxes collected in 1980, and for subsequent years." [ 1979 ex.s. c 218 s 8.]