PRIA Logo™
WashingtonSB 61622025-2026 Regular SessionSenateWALLET

Concerning property tax reform.

Sponsored By: Deborah Krishnadasan (Democratic)

Became Law

Your PRIA Score

Score Hidden

Personalized for You

How does this bill affect your finances?

Sign up for a PRIA Policy Scan to see your personalized alignment score for this bill and every other piece of legislation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.

Free to start

Bill Overview

Analyzed Economic Effects

5 provisions identified: 5 benefits, 0 costs, 0 mixed.

Bigger property tax breaks for retirees

Senior, disabled, and veteran homeowners get larger property tax relief. If your income is at or below threshold 1, you are exempt from regular taxes on the greater of $80,000 or 80% of your home’s value. If your income is between threshold 1 and 2, you are exempt on the greater of $70,000 or 45% of value, capped at $200,000. If your income is at or below threshold 3, you are exempt from the state school tax and all excess levies, and from some regular levies if your local ballot allowed it. Income limits are 50%/60%/70% of county median for 2024–2026 and rise to 60%/70%/80% in 2027 and after; they adjust every three years starting August 1, 2026. If you rent out space in your main home, you can ignore up to $6,000 of that rent (not short-term rentals) in your income test. Beginning with taxes collected in 2027, these changes apply. For 2024 only, a Social Security or SSI COLA alone does not remove your eligibility.

Easier property tax deferral in 2027

Starting in 2027, more homeowners can defer property taxes. The income cap is the greater of last year’s limit or 90% of your county’s median income (it was 75% for 2020–2026). Limits adjust every three years starting August 1, 2026. If the percent update is not used, CPI-U can adjust the limit up to 1%. Deferred taxes become a lien and are repaid when you sell or transfer the home.

Lower 2027 state school property tax

For taxes collected in 2027, the state school levy is $2.075355 per $1,000 of assessed value, adjusted to state equalized value. In 2028 and after, normal levy-limit rules apply. By March 1, 2027, the Department of Revenue reports what the consolidated rate would have been without this set rate; that duty ends December 31, 2027. The act’s changes apply to taxes levied for collection in 2027 and after. Two revenue-code sections (RCW 82.32.805 and 82.32.808) do not apply to this act.

Clearer tax bills and relief info

Your property tax bill must label the state share as the "state school levy." It must also include a notice about the retired person exemption and the property tax deferral program. Treasurers send statements around March 15, subject to budget and roll-delivery rules.

State tax break for farm equipment

Farm machinery and equipment you own and use only to grow and produce crops is exempt from property taxes for any state purpose. File a claim with your county assessor on Department of Revenue forms and include the RCW 84.40.190 statement. The exemption applies for the calendar year the items were used.

Free Policy Watch

You just read the policy. Now see what it costs you.

Pick a topic. PRIA runs your household against live legislation and sends you a free personalized readout.

Pick a topic to get started

My TaxesMy HealthMy BudgetMy MoneyMy Freedom
Or tell us something more specific

Sponsors & Cosponsors

Sponsor

  • Deborah Krishnadasan

    Democratic • Senate

Cosponsors

  • Adrian Cortes

    Democratic • Senate

  • Claire Wilson

    Democratic • Senate

  • Derek Stanford

    Democratic • Senate

  • Emily Alvarado

    Democratic • House

  • Jamie Pedersen

    Democratic • Senate

  • Javier Valdez

    Democratic • Senate

  • Jesse Salomon

    Democratic • Senate

  • Jessica Bateman

    Democratic • Senate

  • John Lovick

    Democratic • Senate

  • June Robinson

    Democratic • Senate

  • Leonard Christian

    Republican • Senate

  • Liz Lovelett

    Democratic • Senate

  • Manka Dhingra

    Democratic • Senate

  • Marcus Riccelli

    Democratic • Senate

  • Marko Liias

    Democratic • Senate

  • Mike Chapman

    Democratic • Senate

  • Noel Frame

    Democratic • Senate

  • Rebecca Saldaña

    Democratic • Senate

  • Sharon Shewmake

    Democratic • Senate

  • Steve Conway

    Democratic • Senate

  • T'wina Nobles

    Democratic • Senate

  • Member 14205

    House

  • Member 27504

    House

  • Victoria Hunt

    Democratic • House

Roll Call Votes

All Roll Calls

Yes: 175 • No: 18

Senate vote • 3/10/2026

Final Passage as Amended by the House

Yes: 41 • No: 8

House vote • 3/6/2026

Final Passage as Amended by the House

Yes: 93 • No: 2 • Other: 3

Senate vote • 2/16/2026

3rd Reading & Final Passage

Yes: 41 • No: 8

Actions Timeline

  1. Effective date 6/11/2026.

    3/23/2026Senate

  2. Chapter 163, 2026 Laws.

    3/23/2026Senate

  3. Governor signed.

    3/23/2026legislature

  4. Delivered to Governor.

    3/12/2026legislature

  5. Speaker signed.

    3/11/2026legislature

  6. President signed.

    3/11/2026legislature

  7. Passed final passage; yeas, 41; nays, 8; absent, 0; excused, 0.

    3/10/2026Senate

  8. Senate concurred in House amendments.

    3/10/2026House

  9. Third reading, passed; yeas, 93; nays, 2; absent, 0; excused, 3.

    3/6/2026Senate

  10. Rules suspended. Placed on Third Reading.

    3/6/2026Senate

  11. Floor amendment(s) adopted.

    3/6/2026Senate

  12. Rules Committee relieved of further consideration. Placed on second reading.

    3/3/2026Senate

  13. Minority; without recommendation.

    3/2/2026Senate

  14. Minority; do not pass.

    3/2/2026Senate

  15. FIN - Majority; do pass.

    3/2/2026Senate

  16. FIN - Executive action taken by committee.

    3/2/2026Senate

  17. Referred to Rules 2 Review.

    3/2/2026Senate

  18. First reading, referred to Finance.

    2/17/2026Senate

  19. Third reading, passed; yeas, 41; nays, 8; absent, 0; excused, 0.

    2/16/2026Senate

  20. Rules suspended. Placed on Third Reading.

    2/16/2026Senate

  21. Floor amendment(s) adopted.

    2/16/2026Senate

  22. 1st substitute bill substituted.

    2/16/2026Senate

  23. Placed on second reading by Rules Committee.

    2/12/2026Senate

  24. Passed to Rules Committee for second reading.

    2/9/2026Senate

  25. WM - Majority; 1st substitute bill be substituted, do pass.

    2/9/2026Senate

Bill Text

Related Bills

Back to State Legislation

Take It Personal

Get Your Personalized Policy View

Take the PRIA Score to see how policy affects your household, then upgrade to PRIA Full Coverage for year-round monitoring.

Already have an account? Sign in