The City of Shoreline's Multi-family Residential Property Tax Exemption (PTE) Program was initially established in November of 2002 by Council Ordinance No. 310. The program was amended in March of 2008 by Council Ordinance Nos. 479 and 496, and amended again in September 2008 by Council Ordinance No. 520. Currently, the City offers a 12-year tax exemption for multi-family residential development, which requires that 20% of the units in a development be affordable, and an 8-year tax exemption for multi-family residential development, which requires that 10% of the units in a development be affordable.
The PTE program is available in two targeted areas of Shoreline: the North City Business District and Ridgecrest Commercial District (Planned Area 2). More information about these two commercial districts, including zoning information, development regulations and area maps, can be found in the corresponding Development Code sections below.
To qualify as an affordable housing development for either tax exemption period, the applicant must commit to renting or selling affordable housing units to low-income households. “Affordable housing" means residential housing that is rented by a person or household whose monthly housing costs, including utilities other than telephone, do not exceed thirty percent of the household's monthly income. For more information about the Multi-family Residential PTE Program, please refer to the PTE Program Frequently Asked Questions and Shoreline Ordinance No. 520 below.
To apply for a Conditional or Final Certificate of Property Tax Exemption, please see City of Shoreline Permits, and scroll down until you see "Property Tax Exemption (PTE) Application."
Contact Us
Dan Eernissee
Economic Development Program Manager
(206) 801-2218