How can I reduce my property tax bill?

Property taxes in Washington are determined by local governments based on the assessed value of a property. To reduce your property tax bill, you should look for deductions or exemptions that can lower the assessed value of your property. Some example exemptions include the senior citizens exemption for people over 70 years old, the veteran exemption for veterans, and the disabled persons exemption. There are also deductions such as the housing affordability partnership deduction, which can be used to offset higher assessed values. Another way to reduce your property tax bill is to challenge your assessment. If you think the assessment of your property is inaccurate, you can appeal to your local board of equalization. The board will review your assessment to see if it is fair. You can also contact your local tax assessor to see if any other tax relief options are available. Some municipalities offer a partial deferral of taxes for elderly or disabled homeowners, and some have a homestead exemption for homeowners. Finally, you can look into applying for a property tax exemption or deferral. This allows you to freeze your tax bill at a certain amount for a certain period of time. Check with your local tax assessor for information on how to qualify. By taking advantage of these tax relief options, you can reduce your property tax bill and save money.

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How can I reduce my property tax bill?

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