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The largest property tax exemption is the exemption for registered non-profit organizations; all 50 states fully exempt these organizations from state and local property taxes with a 2009 study estimating the exemption's forgone tax revenues range from $17–32 billion per year.
Personal property tax applies to personal property used when conducting business or to other personal property not exempt by law. All property taxes are paid to the county treasurer's office where the property is located. Washington does not impose a tax on assets such as bank accounts, stocks or bonds. Neither does the state assess any tax on ...
According to Smartasset, the median home in King County, the most populous in the state, costs around $601,100, with the median annual property tax payment at $6,328.
Property tax is assessed by the Washington County Assessor annually based upon the fair market value of the property and determining which tax rate, commonly called a millage in Arkansas, will apply. The rate depends upon the property's location with respect to city limits, school district, and special tax increment financing (TIF) districts.
The council has limited authority to impose local taxes, in the form of an income and property tax that is subject to state level approval, excise taxes, and service taxes. [ 28 ] [ 29 ] Board of Commissioners: The executive body of the county; commissioners are elected county-wide, to staggered four-year terms.
Washington County lost significant portions of its original area when Columbia and Multnomah counties were created in 1854. The county area was increased by 160 acres (65 ha) in 2014 when a section of Multnomah County was attached to Washington. [5] The area was returned to Washington County to allow for property development. [6]
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