Cutting statewide property tax revenues by 10 percent without creating a shift to other taxpayers.

 H-1443.1

HOUSE BILL 1997

State of Washington

69th Legislature

2025 Regular Session

By Representatives Mendoza, Manjarrez, and Marshall

Read first time 02/18/25. Referred to Committee on Finance.

AN ACT Relating to cutting statewide property tax revenues by 10 percent without creating a shift to other taxpayers; amending RCW 84.52.065 and 84.55.010 ; and creating a new section.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

Sec. 1. RCW 84.52.065 and 2022 c 56 s 13 are each amended to read as follows:

(1) Except as otherwise provided in this section, subject to the limitations in RCW 84.55.010 , in each year the state must levy for collection in the following year for the support of common schools of the state a tax of three dollars and sixty cents per thousand dollars of assessed value upon the assessed valuation of all taxable property within the state adjusted to the state equalized value in accordance with the indicated ratio fixed by the state department of revenue.