// Exemption
Low value parcels
Property Tax exemption · RCW 84.36.015 · enacted 1997
Details
- Citation
- RCW 84.36.015
- Study reference
- E1374-1
- Tax type
- Property Tax
- Preference type
- Exemption
- Category
- Other
- Year enacted
- 1997
- End date
- None scheduled
Fiscal impact (2024 study estimates)
- Revenue if repealed — local ($M)
- FY 2024: 0 · FY 2025: 0.009 · FY 2026: 0.019 · FY 2027: 0.02
- Revenue if repealed — state ($M)
- FY 2024: 0 · FY 2025: 0 · FY 2026: 0 · FY 2027: 0
- Taxpayer savings — local ($M)
- FY 2024: 0.3 · FY 2025: 0.317 · FY 2026: 0.336 · FY 2027: 0.355
- Taxpayer savings — state ($M)
- FY 2024: 0.102 · FY 2025: 0.104 · FY 2026: 0.107 · FY 2027: 0.109
CTI = confidential taxpayer information · D = unable to disclose
From the 2024 DOR Tax Exemption Study
Home Forms & Publications Publications By Subject Special Notices Providing Home Ownership Opportunities For Low-income Households - Legislative Update Print Providing home ownership opportunities for low-income households - Legislative update Issue Date October 17, 2025 Intended audience: Nonprofit homeownership development organizations, community land trusts, qualified cooperative associations, mutual self-help housing organizations, county assessors, county auditors, and county treasurers. Update Providing home ownership opportunities for low-income households. This Special Notice adds information regarding the reporting requirements for qualifying nonprofits, county assessors, treasurers, and auditors. This special notice adds information to the previous Special Notices published on Nov. 21, 2016, June 7, 2018, July 29, 2019, and August 2, 2024. Legislation The 2016 Legislature passed Substitute Senate Bill (SSB) 6211 , which took effect June 9, 2016, as RCW 84.36.049 . This act provided a property tax exemption to real property owned by qualifying nonprofit housing developers who create ownership opportunities for low-income households. Specifically, this act exempts real pro
Does this apply to you?
This is reference data from the 2024 study — not advice, and 2025–26 legislation may have changed it. Three ways to go deeper: