Washington State Budget & Policy Center: Creating a Safeguard Rebate Is Key to Equitable Property Tax Reform
ITEP Work in Action
This is the fourth in a series of schmudget blog posts about property taxes in Washington state and the role they play in funding basic K-12 education.
Any reform to the Washington state property tax code to help pay for schools must also take steps to make the tax code more equitable. In conjunction with other reforms that the Budget & Policy Center is proposing to the property tax, legislators should consider creating a new property tax rebate – called a safeguard rebate – to reduce property tax payments for homeowners and renters with middle and lower incomes. This new rebate would ensure that our proposed changes to the property tax code do not disproportionately impact these residents.
This is the fourth in a series of schmudget blog posts about property taxes in Washington state and the role they play in funding basic K-12 education.
Any reform to the Washington state property tax code to help pay for schools must also take steps to make the tax code more equitable. In conjunction with other reforms that the Budget & Policy Center is proposing to the property tax, legislators should consider creating a new property tax rebate – called a safeguard rebate – to reduce property tax payments for homeowners and renters with middle and lower incomes. This new rebate would ensure that our proposed changes to the property tax code do not disproportionately impact these residents.