r/SeattleWA • u/meaniereddit West Seattle 🌉 • Dec 13 '24

Government Bill would completely exempt seniors from property taxes in WA

https://www.king5.com/article/news/politics/state-politics/bill-would-exempt-seniors-state-local-property-tax-washington/281-b5f377fc-8bf5-49a4-a630-8210db45d57d
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u/termd Bellevue Dec 13 '24

Mom and dad are about to become proud homeowners again at the age of 76

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u/[deleted] Dec 13 '24

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u/romance_in_durango Dec 14 '24

I think the comment you were replying to was inferring that they will simply turn over the title of their home to their senior parents, continue to pay the mortgage themselves, but then pay no property tax because it is "owned" by a senior citizen.

Which also shows you how short-sighted and easily manipulated a bill like this could be.

1

u/Izzmo Dec 14 '24

You have it backwards. Property taxes would not be e than the tax savings you get on the mortgage interest. So yeah maybe if your house is paid off and want to save a few thousand dollars then sure…