The King County Assessor’s Office reports that thousands of state homeowners are missing out on substantial property-tax savings.
AARP Washington urges those 61 or older to determine if they qualify for the state’s Senior Property Tax Exemption.
To be eligible, you must have an annual household disposable income of no more than $40,000. The savings depend on income and property values.
The exemptions also apply to those who retired because of disability and veterans with a service-related disability.
AARP Washington is working to increase the number of people eligible for the exemption by asking lawmakers to raise the $40,000 income limit.
To find out more about the exemption, visit the state Department of Revenue website to locate the nearest county assessor, at dor.wa.gov/find-taxes-rates/property-tax. Follow legislative news at aarp.org/wa.