Washington current-use classification lowers property tax on qualifying open space, farm, and timber land. Removing it can trigger additional tax for four or seven years, plus interest and a 20% penalty.
Home Advantage from the Washington State Housing Finance Commission offers a first mortgage plus 3% to 5% deferred down payment assistance, with a statewide income limit of $215,000. First-time status is not required.
To appeal a Washington property assessment, file the official petition with the county board of equalization by July 1, or within 30 days of the Change of Value Notice, whichever is later.
Washington state REET is a graduated tax of 1.10% to 3.00% on portions of the price, plus local REET. The seller usually pays it when the deed is processed.
Washington sellers generally deliver the statutory disclosure statement within five business days of mutual acceptance. Buyers then have three business days after receiving it to rescind.
Washington's senior, disability, and veteran property tax exemption uses county income thresholds and three benefit levels. A separate deferral program can postpone taxes that remain due.