The purpose of this deferral program is to provide a property tax safe harbor for families in economic crisis and prevent existing homeowners from being driven from their homes because of rising property taxes.
Deferral programs are a postponement of the taxes. The State of Washington pays the taxes for the applicant and files a lien to secure the State’s interest in the property. When you no longer own and use the property as your personal residence, you must repay the deferred tax.
To be eligible for this program, you must meet the (1) ownership, (2) residency, (3) income, and (4) equity requirements.
In addition, your first property tax installment for the year, due April 30, must already be paid and your application must be filed with your county assessor no later than September 1.
Payment of 2nd half property taxes and special assessments billed on annual tax statement and due on October 31 – current year only.