Source: https://app.leg.wa.gov/RCW/default.aspx?cite=84.36.560
Timestamp: 2020-07-07 03:52:59
Document Index: 385861348

Matched Legal Cases: ['§ 11', '§ 1', '§ 1', '§ 1', '§ 12', '§ 4']

RCW 84.36.560: Nonprofit organizations that provide rental housing or used space to very low-income households.
RCWs > Title 84 > Chapter 84.36 > Section 84.36.560
84.36.550 << 84.36.560 >> 84.36.570
RCW 84.36.560
Nonprofit organizations that provide rental housing or used space to very low-income households.
*** CHANGE IN 2020 *** (SEE 2384-S.SL) ***
(a) A partial exemption is allowed for each dwelling unit in the rental housing or for each lot in a mobile home park occupied by a very low-income household.
(b) The amount of exemption must be calculated by multiplying the assessed value of the property reasonably necessary to provide the rental housing or to operate the mobile home park by a fraction. The numerator of the fraction is the number of dwelling units or lots occupied by very low-income households as of December 31st of the first assessment year in which the rental housing or mobile home park becomes operational or on January 1st of each subsequent assessment year for which the exemption is claimed. The denominator of the fraction is the total number of dwelling units or lots occupied as of December 31st of the first assessment year the rental housing or mobile home park becomes operational and January 1st of each subsequent assessment year for which exemption is claimed.
[ 2019 c 390 § 11; 2007 c 301 § 1; 2001 1st sp.s. c 7 § 1; 1999 c 203 § 1.]
Tax preference performance statement and expiration—2019 c 390: "The provisions of RCW 82.32.805 and 82.32.808 do not apply to section 11 of this act." [ 2019 c 390 § 12.]
Application—1999 c 203: "This act applies to taxes levied in 1999 for collection in 2000 and thereafter." [ 1999 c 203 § 4.]