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House Finance committee hears bill to let Pierce County, Tacoma offer ADU property-tax exemption for low-income rentals
Summary
A bill that would expand an existing accessory dwelling unit (ADU) property-tax exemption beyond King County to a second county drew brief testimony and technical questions in the House Finance Committee on March 21.
Tracy Taylor, staff to the House Finance Committee, briefed members on Senate Bill 5529, saying the bill would expand an existing property-tax exemption for accessory dwelling units to cities or counties located in a county with a population of at least 90,000 but not more than 1,500,000.
The bill would allow a city or county legislative authority to exempt an ADU from property tax if the unit is detached and rented to low-income households (tenant adjusted income at or below 60 percent of county median household income) with rent not exceeding 30 percent of the tenant’s monthly income. Taylor said applicants must apply annually and provide an affidavit, documentation of tenant income and a lease of at least 12 months. She summarized implementation…
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