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Directors Rule 202102 Program:Multifamily Tax Exemption Page:Supersedes:Publication Date: 12/16/2021Effective Date: 12/16/2021Type of Rule:Approved Signature & Date:1 of 2Not applicableSubject:Different
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The Multifamily Tax Exemption program provides a property tax exemption for new multifamily housing in Seattle.
Property owners or developers of new multifamily housing projects in Seattle are required to file for the program.
The program application can be filled out online on the Seattle.gov website with the required information about the project.
The purpose of the program is to incentivize the development of affordable housing in Seattle.
Information such as project details, income and rent restrictions, and compliance with city regulations must be reported.
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