Washington HB2743: State property tax reduction

What the bill says

An act Relating to reducing state property taxes by $2,100,000,000; amending RCW 84.52.065; and creating a new section.

From the introduced text:

AN ACT Relating to reducing state property taxes by $2,100,000,000; amending RCW 84.52.065; and creating a new section. Sec. 1. RCW 84.52.065 and 2022 c 56 s 13 are each amended to read as follows: (1) Except as otherwise provided in this section, subject to the limitations in RCW 84.55.010, in each year the state must levy for collection in the following year for the support of common schools of the state a tax of ((three dollars and sixty cents))$3.60 per ((thousand dollars))$1,000 of assessed value upon the assessed valuation of all taxable property within the state adjusted to the state equalized value in accordance with the indicated ratio fixed by the state department of revenue. (2)(a) In addition to the tax authorized under subsection (1) of this section, the state must levy an additional property tax for the support of common schools of the state. (i) For taxes levied for collection in calendar years 2018 through 2021, the rate of tax is the rate necessary to bring the aggregate rate for state property tax levies levied under this subsection and subsection (1) of this section to a combined rate of ((two dollars and forty cents))$2.40 per ((thousand dollars))$1,000 of assessed value in calendar year 2019 and ((two dollars and seventy cents))$2.70 per ((thousand dollars))$1,000 of assessed value in calendar …

Read the full official text

Sponsors

• Travis Couture (R) · primary sponsor
• Ed Orcutt (R)
• Hunter Abell (R)
• Stephanie Barnard (R)
• Jeremie Dufault (R)
• Michael Keaton (R)
• Mary Dye (R)
• Matt Marshall (R)
• Peter Abbarno (R)
• John Ley (R)
• Alex Ybarra (R)
• Andrew Barkis (R)

Latest actions

1. February 27, 2026: First reading, referred to Finance.

Common questions

What is HB2743?

HB2743 is a bill in the Washington Legislature (2025-26 Regular Session): State property tax reduction.

What does HB2743 do?

In its own words: An act Relating to reducing state property taxes by $2,100,000,000; amending RCW 84.52.065; and creating a new section.

What is the status of HB2743?

In committee as of February 27, 2026. Latest action: First reading, referred to Finance. (February 27, 2026).

Who sponsored HB2743?

Travis Couture (R), with 11 co-sponsors.

Where is the official record for HB2743?

On the Washington Legislature website: https://app.leg.wa.gov/billsummary?BillNumber=2743&Year=2025