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Tumwater opens consultant-led review of multifamily housing tax exemption ahead of 2026 sunset
Summary
Staff told the commission that the city will hire a consultant to evaluate its multifamily housing tax exemption (MfTE), set to expire Dec. 31, 2026; commissioners pressed for analysis of tax-shift impacts, affordability options, conversion rules and public fact sheets.
Tumwater staff told the Planning Commission it will hire a consultant to evaluate the city's multifamily housing tax exemption (MfTE) and recommend whether to extend, revise or let the program expire on Dec. 31, 2026.
Erica Smith Erickson, who briefed the commission, described the MfTE as a state-authorized program that limits property-tax liability on the residential improvements of qualifying multifamily projects for a fixed term. "The multifamily housing tax exemption is a program that supports new multifamily housing, and affordable housing within the city," Erica said in her presentation.
Staff summarized local options in current code: an 8-year program (available in parts of the Capitol Boulevard corridor and the Brewery District) that currently does not require an…
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