Fixed income, what if I can’t afford the tax?

[pasayten]

Should I post this on the other BB? I keep expecting it to be taken down, every time I go there.

Yes, I would post it... It is factual.

If copying, be sure to open the inserted link and post the expanded link... This BB software shortens them for display purposes.

[PAL]

Should I post this on the other BB? I keep expecting it to be taken down, every time I go there.

[pasayten]

The FOTP is always hyping the property tax exemption program for fixed income folks so as the Proposition 1 tax levy burden will be lessened on them...
There are a few factors they do not openly disclose...

If you are a renter, you will most likely not realize any exemption as the full amount will most likely be passed on to you.

This is basically a senior citizen exemption only... No exemption for low income families...
To qualify:
• At least 61 years of age.
• At least 57 years of age and the surviving spouse or
domestic partner of a person who was an exemption
participant at the time of their death.
• Unable to work because of a disability.
• A disabled veteran with a service-connected
evaluation of at least 80% or receiving compensation
from the United States Department of Veterans
Affairs at the 100% rate for a service-connected
disability.

Level 1 income seniors will get no exemption as Proposition 1 will be a regular levy and not an excess levy.

Level 2 and 3 will get only partial exemptions... 35% (max $70K) and 60% of assessed value respectively


Read the rules of the program!!! Low income seniors, individuals, and families will still be significantly burdened!

https://dor.wa.gov/sites/default/files/ ... Senior.pdf

Property tax levies eligible for exemption
There are three levels of exemption depending on your
final calculated combined disposable income.

• Level 3 - You are exempt from paying excess levies
and Part 2 of the state school levy. Generally
speaking, excess levies are the voter-approved levies.

• Level 2 - You are exempt from paying excess levies,
Part 2 of the state school levy, and regular levies
on $50,000 or 35% of the assessed taxable value,
whichever is greater (but not more than $70,000 of
the taxable value).

• Level 1 - You are exempt from paying excess levies,
Part 2 of the state school levy, and regular levies
on $60,000 or 60% of the assessed taxable value,
whichever is greater

Okanogan
Level 1 $30,300
Level 2 $35,350
Level 3 $41,000
Deferral $45,450