King County Assessor Proposes Plan to Lower Taxes for Landlords
King County Assessor John Wilson proposed a plan to the state legislature Thursday aimed at helping multifamily and commercial landlords who have seen a decrease in rent collections due to the COVID-19 pandemic. Wilson’s plan would allow counties to lower the taxable value of commercial properties that have seen a drop in rent collections. It would apply to property taxes for the second half of 2020. Read more.
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