Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

I thought the 1% levy limit limited the increase of my property value to 1% each year?

April 26, 2017increase levy limit limited Property value year

0

Posted

I thought the 1% levy limit limited the increase of my property value to 1% each year?

1 Answer

0

Posted

The 1% levy limit applies to all regular levies in the State of Washington. It limits the amount a taxing district can collect from its taxpayers to 1% of the highest lawful levy since 1985. A revenue collection limit does not apply to the amount of taxes or the amount of change in assessed value.