What credits or deductions can I get for my property taxes?

In Washington, there are a variety of credits and deductions you can use to help lower your property taxes. One of the most common is the Homeowners’ Exemption, which gives homeowners a credit of up to $35,000 on the assessed value of their homes. This can result in a notable reduction in your property tax bill. Another credit you may qualify for is the Senior Citizens’ Property Tax Exemption. This exemption is for senior citizens who are at least 61 years old and whose total income does not exceed specified limits. If eligible, this can provide a credit of up to 50% of the first $60,000 of assessed value of your home. In addition, you can also take advantage of other deductions, such as the Disability Exemption, which is a property tax exemption available to those who are disabled or blind. This exemption can provide a credit between $750 and $2,000, depending on your income level. Finally, certain veterans may also be eligible for property tax exemptions. For example, those who are disabled veterans may be eligible for a 100% property tax exemption or deferment. In summary, Washington residents can take advantage of the Homeowners’ Exemption, Senior Citizens’ Property Tax Exemption, Disability Exemption and various veterans’ benefits to help reduce their property tax bill.

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