> Washington lawmakers won't move forward with proposal to raise property tax cap
Washington lawmakers won't move forward with proposal to raise property tax cap
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A Washington state bill that would have given cities and counties the ability to raise property taxes at a higher rate has died.
Bill sponsor, state Sen. Jamie Pedersen, said Friday that lawmakers will not move forward with Senate Bill 5770 after hearing feedback from constituents.
“We have heard the public’s concerns about property taxes,” said Pedersen, D-Seattle.
SB 5770 would have allowed local governments to raise property taxes up to 3% annually. Right now, that rate is capped at 1%.
Read more: https://www.king5.com/article/news/politics/state-politics/washington-bill-raise-local-property-taxes-cap-dies/281-972a588b-8765-4d78-9666-6c663c7d1dd0