The exemption applies to the principal residence and up to one acre. Listed are the three levels of exemption based on income level:

Table 1: Income Year 2014 & prior for Tax Year 2015 & prior.

Income Level Exemption Amount
$0-25,000     Exempt from regular property taxes on the greater of $60,000 or 60% of the Valuation plus exemption from 100% of excess levies.*
$25,001-$30,000   Exempt from regular property taxes on the greater of $50,000 or 35% of the valuation not to exceed $70,000, plus exemption from 100% of excess levies.
$30,001-$35,000  Exempt from 100% of excess levies.

Table 2: Income Year 2015 & forward for Tax Year 2016 & forward (SSB 5186)

Income Level Exemption Amount
$0-30,000     Exempt from regular property taxes on the greater of $60,000 or 60% of the Valuation plus exemption from 100% of excess levies.*
$30,001-$35,000   Exempt from regular property taxes on the greater of $50,000 or 35% of the valuation not to exceed $70,000, plus exemption from 100% of excess levies.
$35,001-$40,000  Exempt from 100% of excess levies.

When determining disposable income it is important to consider possible deductions for the following: (all apply to applicant, applicant's spouse, or co-tenant).

Non-reimbursed amounts paid to live in a nursing home. Non-reimbursed amounts paid for prescription drugs. Non-reimbursed amounts paid to receive in-home care. The care received must be similar to the care provided by a nursing home. Medical treatment, physical therapy, Meals on Wheels (or similar meal delivery service), and household and personal care. Personal care includes assistance with preparing meals, getting dressed, eating, taking medications or areas of personal hygiene. Special furniture and equipment, such as wheelchairs, hospital beds, and oxygen.

*Excess levies are in addition to regular levies. They require voter approval and provide money for a specific purpose, such as school bonds and maintenance and operation levies.