A new bill has been pre-filed ahead of the 2025 legislative session that aims to exempt seniors over a certain age from all state and local property taxes. This legislation, known as SB 5020 and introduced by Senator Phil Fortunato (R-Auburn), also includes provisions to protect seniors who may be confined to hospitals, nursing homes, or assisted living facilities.
Under the proposed law, all property owned by individuals aged 75 and older would be exempt from state and local property taxes, irrespective of their household income. This measure marks a significant expansion of property tax relief compared to existing exemptions in Washington state, which typically have income restrictions attached.
The exemption would specifically apply to the primary residence of eligible seniors and would not extend to any additional properties they may own. Seniors would have the option to transfer the exemption if they decide to sell, transfer, or are displaced from their home; however, they can only claim the exemption for one property per year…