INFORMATION BULLETIN

King County Senior Citizen and Disabled Persons Reduction in Property Taxes

The King County Assessor's Office has two programs, which may result in a property tax reduction. One program is an exemption for low income senior or disabled citizens, the other is a deferral.

The general requirements for the exemption are:

• You must be 61 or older, or disabled, on or before December 31 of the year you file
• You must be the owner and occupant of a single family dwelling, mobile home, condo or Co-op housing
• Temporary confinement to a hospital or nursing home is allowed
• Your annual income from all sources must not exceed $30,000.

The Property Tax Deferrals requirements are:

• Senior citizen or disabled persons may defer property taxes on up to 80% of the equity on their property
• Age 60 or older as of December 31 of the year you file, or permanently disabled
• Owner and occupant of residence
• Your annual income from all sources must not exceed $34,000
• A lien is placed against the property. Interest accrues at a rate of 8% annually. Reimbursement of deferred property taxes plus interest is required upon the sale or transfer of the property.

For complete details and application forms, call the King County Assessors Office at 206-296-7300 or visit the assessors web site at http://www.metrokc.gov/assessor/forms.htm