Good news for Seattle homeowners: recent updates to Washington’s state and local tax (SALT) deduction are expected to bring meaningful tax relief to many property owners.
Under the previous $10,000 cap, a significant number of Seattle residents couldn’t fully deduct their property and local taxes.
But with the new higher limit, that number will drop sharply—from nearly 17% of homeowners to less than 2%.
Because Seattle’s property taxes are among the highest in the state, this change means more homeowners can now take full advantage of their deductions, potentially saving thousands of dollars at tax time.
These updates could also make homeownership in the city slightly more affordable and attractive for buyers navigating Seattle’s competitive real estate market.
