Anti-Displacement Tax Fund
Current homeowners across many of the formerly redlines neighborhoods in Seattle such as the 23rd & Union-Jackson Residential Urban Village and the wider Central Area face displacement due to upzoning that drives higher property appreciation and property taxes. Central Area homeowners who live on a property where the existing use is a lower-density building than the property is zoned for are seeing similar results. The Anti-Displacement Tax Fund provides grant-based support for these homeowners to keep them in our communities.
Project Scope
Our neighbors should be able to stay in their communities for generations to come.
The Anti-Displacement Tax Fund will help pay for increases to homeowner’s existing property tax bills. The fund will operate as a grant to individuals and will not require participants to pay back any funds received. The fund will start distributing grants in the 2025 tax year. The grant will need to be recertified every other year.
Application Period and Eligibility
The application period for the program shall run from June 1st through September 30th.
This program will use the King County Assessor’s income guidelines for the Senior Property Tax Exemption as our baseline for eligibility. Currently this is $84,000 for household income, Adjusted Gross Income.
• Homeowners must have owned and lived in their home prior to the March 2019 passing of the Mandatory Housing Affordability (MHA) law.
• The homeowner’s home must be within the boundaries of the previously redlined neighborhoods per the attached map.
• Homeowners who purchased a property after March 2019 are eligible if the purchased property was enrolled in the King County Assessor’s property tax exemption program at the time of purchase.
• Homeowner’s heirs are eligible to participate if they meet all eligibility qualifications. Heirs will need to reapply within 180 days of the original applicant’s passing.
Funding
The Central Area Neighborhood District Council (CANDC) will provide all funding for the program, sourced from philanthropic contributions and donations.