S-2717.2
SENATE JOINT RESOLUTION 8205
State of Washington
69th Legislature
2025 Regular Session
By Senator MacEwen
BE IT RESOLVED, BY THE SENATE AND HOUSE OF REPRESENTATIVES OF THE STATE OF WASHINGTON, IN LEGISLATIVE SESSION ASSEMBLED:
THAT, At the next general election to be held in this state the secretary of state shall submit to the qualified voters of the state for their approval and ratification, or rejection, an amendment to Article VII of the Constitution of the state of Washington by adding a new section to read as follows:
Article VII, section . . .. Notwithstanding any other provision of this Constitution, the following tax relief is allowed:
(a) The legislature may, by appropriate legislation, provide a homestead property tax exemption for taxes levied for state purposes on property occupied as a principal residence by the individual claiming the exemption.
(b) The homestead property tax exemption authorized under subsection (a) of this section may be in the form of a reduction of up to $250,000 of equalized assessed valuation of qualifying properties. To prevent the homestead property tax exemption from shifting the state property tax burden to higher valued principal residences and nonexempt property, the state levy or levies must be reduced as necessary to prevent the homestead property tax exemption from resulting in a higher tax rate than would have occurred in the absence of the homestead property tax exemption.