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  • COVID-19 Resource Center
March 6, 2023Publication

The Deadline for Seeking COVID-19 Property Tax Relief Is Fast Approaching

Tax Legal Update

COVID-19 dramatically impacted the values of many properties, particularly in the hospitality sector. Washington law provides property tax relief where a disaster, such as the COVID-19 pandemic, reduces a property’s value by 20% or more.

Tax abatement relief may be available for years in which the COVID-19 disaster reduced a property’s value by 20% or more. For most COVID impacted properties, the greatest value impact was during 2020, the first year of the pandemic. If COVID reduced a property’s value during 2020 by 20% or more, the owner would be entitled to a proportionate abatement of its 2020 property taxes. For example, if COVID reduced the value of a $50 million dollar property in Seattle to $40 million, the owner would be entitled to a 20% abatement of its 2020 property taxes, or approximately $85,000.

Property tax abatement applications for 2020 taxes must be submitted to the county assessor by March 19. If you believe that you may qualify for a tax abatement or if you have questions regarding the tax abatement, please contact Bill Severson, Brett Durbin, or Aaron Johnson.

Before proceeding, please note:  If you are not a current client of Lane Powell PC, please do not include any information in this email that you or someone else considers to be confidential or secret in nature.  Prior to the establishment of a lawyer-client relationship, unsolicited emails from non-clients containing confidential or secret information cannot be protected from disclosure.

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