Public K-12 schools

From the 2024 DOR Tax Exemption Study

84.36.010(1) - Public K-12 schools Description Real and personal property owned by school districts is exempt from property taxation. Purpose Property of school districts is exempt under the Washington Constitution. This reflects a longstanding legislative policy not to tax publicly owned property. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 2027 State Taxes $240.265 $242.766 $245.301 $247.885 Local Taxes $710.675 $740.395 $771.485 $803.778 Repeal of Repealing a property tax exemption would not increase state revenues. A repeal exemption shifts the state property tax to the currently exempt taxpayers and reduces the tax burden of other taxpayers. It may decrease the local rate and possibly result in local taxing districts at their statutory maximum rate experiencing a revenue increase. A repeal of this exemption would require an amendment to Article VII of the Washington State Constitution. Potential ($ in millions): revenue gains FY 2024 FY 2025 FY 2026 FY 2027 from full repeal State Taxes $0.000 $0.000 $0.000 $0.000 Local Taxes $0.000 $21.563 $41.950 $43.434 Assumptions - Total estimate exempt value is 109.8 billion. - This repeal takes effect beginning with prop