County property tax reduction deadline nears
The King County Office of Open Space is reminding land owners that applications for consideration for a 1998 property tax reduction under King County's Public Benefit Rating System (PBRS) are due Dec. 31, 1996.
PBRS is an open space property tax reduction program. It has a point system based on natural resources habitat values and/or public access including habitat (salmonid) protection, additional protection of wetlands, streams and native plants, and certain wildlife species.
The PBRS is a voluntary program. The property owner, based on the resource value of the property, decides how much or how little to place in the program. Qualified applications go through a hearing process required for approval by the King County Council. The reduction is represented as a percentage reduction of the assessed land value of the portion of the property entering the program.
Applications received by Dec. 31, 1996 will be considered for approval by the King County Council in 1997, with tax reductions beginning in 1998. Applications received in 1997 will be processed for 1999. Call 205-5170 for more information.