Farm machinery (state levy)

From the 2024 DOR Tax Exemption Study

Home Forms & Publications Publications By Subject Special Notices Legislative Update For Assessors And Treasurers - State School Levy, Enrichment Levies, And State Local Effort Assistance Print Legislative Update for Assessors and Treasurers - State School Levy, Enrichment Levies, and State Local Effort Assistance Issue Date August 22, 2017 The 2017 Legislature passed Engrossed House Bill 2242 (EHB 2242) . Among other things, the bill modifies the state school levy, replaces school district maintenance and operation (M&O) levies with enrichment levies, replaces vehicle transportation levies with vehicle transportation enrichment levies, and creates a new maximum levy rate limit for enrichment levies. This notice is limited to a discussion of the effect the bill has on property taxes and property tax levies. Law before EHB 2242 Under current law (RCW 84.52.065) , the state can levy a regular property tax for the support of common schools with a maximum levy rate of $3.60 per thousand dollars of assessed value as adjusted by each county’s assessment ratio. This levy is subject to the one percent growth limit and the Constitutional one percent levy limit. With voter approval, local sc