Fire companies

From the 2024 DOR Tax Exemption Study

84.36.060(1)(c) - Fire companies Description Fire engines, buildings, and other equipment of fire companies of any city, town or privately owned fire company are exempt from property tax. Purpose Extends the property tax exemption municipal fire districts receive to cover privately-owned land on which fire districts maintain fire stations. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 2027 State Taxes Minimal Minimal Minimal Minimal Local Taxes Minimal Minimal Minimal Minimal 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 Minimal Minimal Minimal Assumptions - The total estimated exempt value is $300,000. - This repeal takes effect beginning with property taxes due for calendar year 2025. - Growth rate mirrors the property