Nonprofit developmentally disabled housing

From the 2024 DOR Tax Exemption Study

84.36.042 - Nonprofit developmentally disabled housing Description Property tax does not apply to the real and personal property owned or leased by a nonprofit organization and used to provide housing and a level of care for persons with developmental disabilities. Purpose Supporting the social benefits provided by these organizations. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 2027 State Taxes $0.175 $0.179 $0.183 $0.188 Local Taxes $0.517 $0.546 $0.577 $0.609 Repeal of Repealing a property tax exemption would not increase state revenues. A repeal exemption shifts the state property tax to the currently exempt taxpayers and reduces the tax burden of other taxpayers. It may decrease the local rate and possibly result in local taxing districts at their statutory maximum rate experiencing a revenue increase. Potential ($ 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 $0.016 $0.032 $0.033 Assumptions - The total estimated exempt value is $80 million. - This repeal takes effect beginning with property taxes due for calendar year 2025. - Growth rate mirrors the property tax growth