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Council approves 8‑year multifamily tax exemption for 24‑unit Second Street Apartments
Summary
The council authorized an 8‑year limited property tax exemption for the 24‑unit Second Street Apartments project near Grayland Park; the exemption applies only to residential improvements and requires construction within three years of contract execution.
The City of Puyallup on March 25 approved a resolution authorizing an eight‑year multifamily tax exemption (MFTE) for a project known as the Second Street Apartments, a three‑story, 24‑unit rental development located across from Grayland Park.
Chris Beal of the Planning Department told council the project contains 24 rental units — 12…
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