Are You Eligible for a Property Tax Exemption or Deferral?

property taxes

courtesy flickr/401(K) 2012

Did you know . . . there are King County real estate property tax relief programs for qualified senior citizens, disabled persons and veterans. It is estimated that many qualified seniors and disabled persons are not registered for available exemptions and only 1 in 100 of those eligible for deferrals are enrolled.

The application process is fairly easy. There are income, age, disability and ownership/occupancy guidelines that must be met. Details can be found on the King County Assessor’s Office website.

There is also a tax relief program that may assist those who own property damaged in the recent wildfires. The program assists homeowners of properties damaged or destroyed by flood, storm or something beyond the property owner’s control. Owners may be eligible for a reduction of assessed value resulting in lower property taxes. Information and forms for the destroyed property tax relief program are on the King County Assessor’s site.

 

Detailed information, forms and instructions for applying for all tax exempt or tax deferral programs are  available from the King County Assessor’s Office. Applications for the 2021 tax year may be submitted starting in January 2021. Contact the King County Assessor’s Office at 206-296-3920 or on line at www.kingcounty.gov/depts/assessor/taxrelief.

 

 

Robin Myers is a Realtor® with Windermere Real Estate/East, Inc. specializing in Bellevue’s urban condominiums and townhomes.

 


Posted on September 17, 2020 at 9:00 AM
Robin Myers | Posted in condominiums, property tax exemptions, property taxes, real estate, Robin Myers, tax payer assistance, Windermere | Tagged , , , , , ,

King County Property Tax Deadline Postponed

Due to the financial hardships caused by the COVID-19 pandemic, King County has postponed the property tax deadline from April 30th to June 1st. This extension applies to individual residential and commercial taxpayers who pay property taxes themselves. If your property taxes are paid through your mortgage lender, banks and other financial institutions still need to meet the original April 30th deadline. If you have questions contact King County Treasury at propertytax.customerservice@kingcounty.gov or 206/263-2890.

It’s important to continue observing the Governor’s stay at home/stay healthy mandate. The sooner we  decrease the spread of this deadly virus, the sooner we can all look forward to life returning to normal.

 

 

 

 


Posted on April 2, 2020 at 9:00 AM
Robin Myers | Posted in condominium speciaist, property taxes, real estate, tax payer assistance | Tagged , , ,

Senior Property Tax Exemption Program

photo courtesy CreditDebitPro.com

It’s that time of year when we start collecting receipts, mortgage interest and property tax statements, all in readiness to work on taxes or at least deliver your box of receipts and statements to your accountant.

Did you know . . . anyone 61 years or older who owns their own home may be eligible for Washington State’s senior property tax exemption. The maximum annual income for this program has been significantly increased to $58,423 which will allow many more people to be eligible for property tax relief.

For more information, to find out if you or a family member qualifies fore a reduction in property taxes, or to apply, visit the King County website at https://www.kingcounty.gov/depts/assessor/tax relief/seniorexemptions .aspx or call 206-296-3920. Anyone who is eligible should take advantage of this tax exemption law.

 

 

 


Posted on February 19, 2020 at 11:06 AM
Robin Myers | Posted in Bellevue, condominium speciaist, condominiums, property tax exemptions, real estate, tax payer assistance | Tagged , , , , , ,

Property Tax Exemptions for Seniors

photo courtesy CreditDebitPro.com

It’s no secret – 2018 property taxes have increased substantially over last year.  While rising taxes are a tough pill to swallow, Washington’s property taxes rank in the lower half nationwide, coming in at 29th. New Jersey is #1 and surprisingly Hawaii is the lowest.

Did you know property tax exemptions are available for seniors? State law provides property tax exemption and deferral programs for senior citizens and disabled persons. You or someone you know may be eligible for a tax exemption or deferral. The application process is fairly simple; there are income and other qualifications:

  • annual household income of $40,000 or less
  • own and occupy a house, condo/co-op or mobile home
  • 61 years of age by December 31st of the previous year, or
  • retired because of disability, or
  • veteran with a 100% service-connected disability
  • you are a widow or widower or state registered domestic partner whose spouse or domestic partner had an exemption at the time of death

Many seniors and disabled persons are not aware of these tax exemption and deferral programs. Taking advantage of a tax savings could offer long term financial relief and make it possible to stay in a home for a longer period of time.

For more information or to apply for a 2019 property tax exemption contact King County at 206-296-3920 or visit the taxpayer assistance website at
https://www.kingcounty.gov/depts/assessor/TaxpayerAssistance/TaxRelief.aspx 


Posted on April 10, 2018 at 9:00 AM
Robin Myers | Posted in property tax exemptions, real estate, seniors, tax payer assistance | Tagged , , , , ,