Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Council holds first reading of multifamily tax exemption ordinance; debate centers on tax shift and affordable-unit requirements
Summary
Council received a staff presentation and public comment on a proposed Multifamily Property Tax Exemption (MFTE) ordinance that would create a 12‑year exemption for qualifying projects that set aside at least 20% of units as affordable; the ordinance establishes a framework only and does not grant any exemptions tonight.
The Gig Harbor City Council heard a first reading on April 28 of an ordinance to establish a Multifamily Property Tax Exemption (MFTE) program. Staff from Community Development and the Housing, Health & Human Services office presented the draft ordinance as a framework that would allow future property owners to apply for a tax exemption; council did not approve any specific exemption or project during the meeting.
Housing, Health & Human Services Manager Shay Smiley and Community Development Director Eric Baker said the draft program would allow a 12‑year exemption on the residential improvement value for qualifying projects provided at least 20% of units are set aside as affordable to households at specified income levels. Staff emphasized that adoption of the ordinance itself would not grant exemptions; any developer seeking an exemption must submit a complete…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
