New Property Tax Limits Proposed - NBC Right Now/KNDO/KNDU Tri-Cities, Yakima, WA |

New Property Tax Limits Proposed

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KENNEWICK, Wash.- A bill state lawmakers are considering could exempt some seniors from property tax increases.

Right now, if you're older than 60, you can get an exemption from assessment increases when it comes to your property taxes, but that's only if you make less than $35,000 a year.

A new Senate bill would raise that number to $80,000 and limit the increases for those seniors to 5 percent a year.

The change is being proposed because some people's property values are going up, but their income isn't, and over time they're being forced to borrow against, or in some cases, sell their homes.

"You know, we're dealing with people, particularly older people who're maybe trying to live on $1,000 a month, and by the time you pay your utilities and your living expenses, that's just not much money to go ahead and deal with raising property taxes," said Carolyn K. Joyce, an accountant. 

The changes would also cover people retired because of disability, and disabled veterans.