Initiative 1098: How will a 20% reduction in the state property tax affect residential and commercial property owners?


Publication Date: June 2010

Publisher: Economic Opportunity Institute

Author(s): Marilyn Watkins

Research Area: Banking and finance; Social conditions

Type: Report

Coverage: Washington

Abstract:

Initiative 1098 includes a 20% across‐the‐board cut in the state portion of the property tax levy, which will reduce property taxes for both businesses and individuals that own property. How much will the average home or business owner see in savings?