Washington Gov. Jay Inslee on March 27 signed a $391 million property tax cut, which will be reflected in homeowners’ 2019 tax bills.
The state property tax rate in 2019 will be reduced by 30 cents, from $2.70 per $1,000 of assessed value to $2.40. Despite the 40-percent rollback, the
Legislature this past session still provided additional funding for K-12 education, according to the Senate Democratic Caucus.