Providing housing safety, security, and protection by creating the primary residence property tax exemption.

This bill creates a "primary residence property tax exemption" in Washington state, which would reduce the state property tax levy on a portion of a homeowner's principal residence. The exemption would be the greater of $100,000 or 60% of the county's median residential assessed value, starting in 2028. This change aims to help homeowners, especially those on fixed incomes, avoid displacement due to rising property values and would require a constitutional amendment to take effect.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text