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Bill

SB 5618

Increasing the local property tax revenue growth limit.

2023-2024 Regular Session Introduced by Noel Frame and 7 co-sponsors

SB 5618 increases Washington's local property tax revenue growth limit to allow municipalities greater annual tax revenue without voter approval.

By resolution, reintroduced and retained in present status.
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WeVote Research Nonpartisan
Bill Summary · SB 5618

Legislative bill overview

SB 5618 proposes to increase Washington state's local property tax revenue growth limit, which currently restricts how much additional tax revenue municipalities can collect year-over-year. The bill would allow local governments to retain more revenue from property tax assessments without requiring voter approval for rate increases. This represents a significant change to Washington's 1% revenue growth cap established in 1997.

Why is this important

Local governments throughout Washington cite revenue constraints as a barrier to funding schools, infrastructure, public safety, and services. Increasing the growth limit would give municipalities more fiscal flexibility without holding additional levies. Conversely, this directly affects homeowners' property tax bills and the tax burden on property owners, making it a consequential issue for both local government budgets and household finances.

Potential points of contention

  • Tax burden impact: Homeowners may face higher property tax bills without explicit voter authorization, raising concerns about taxation without consent
  • Local government spending accountability: Opponents worry increased revenue authority without voter oversight could lead to unchecked spending; supporters argue it's necessary for essential services
  • Equity and displacement: In appreciating property markets, higher assessed values combined with higher growth limits could accelerate property tax increases that displace long-term residents, particularly seniors on fixed incomes

Compiled from official sources — confirm details with the bill’s official record.

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