What exemptions and deferrals are available for property owners?

King County Assessor offers a range of exemptions and deferrals designed to assist property owners, particularly those in unique financial situations or certain demographic categories. One notable exemption is the Senior Citizens and Disabled Persons Exemption, which targets homeowners aged sixty-five and older, or individuals who are retired and meet the disability criteria. This exemption is intended to alleviate property tax burdens by reducing the assessed value of the home, thereby lowering the taxes owed. Additionally, the King County Assessor provides a Program for Disabled Veterans and those who are active military. This program offers tax exemptions to qualifying veterans and their surviving spouses, further supporting those who have served the country. Another significant exemption available is the low-income housing exemption, which is aimed at property owners who meet specific income criteria. This exemption encourages the availability of affordable housing within the county. Furthermore, King County Assessor administers property tax deferral programs, which allow certain property owners to defer payment of property taxes. This could be beneficial for older adults or those facing financial hardships, as it allows them to postpone their taxes until they sell their home or pass away. The criteria and specifics for each exemption or deferral can be nuanced, and applicants must provide evidence proving eligibility. Property owners are encouraged to visit the King County Assessor's official website for detailed information about requirements and application procedures. There, one can find valuable resources that guide residents in exploring their eligibility for any available assistance. It is essential for property owners to stay informed about these opportunities to ensure they are taking full advantage of the benefits available to them.