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Washington Property Tax Assessments Initiative I-1039 (2009)

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The Washington Property Tax Assessments Initiative, also known as I-1039, tried but failed to make the November 3, 2009 ballot in Washington.

I-1039 was an Initiative to the People sponsored by Courtney Cox and Dr. Kenneth R. Sinibaldi.

The official ballot title for I-1039 said, "Initiative Measure No. 1039 concerns determining the taxable value of property. This measure would establish taxable value of property purchased before 2009 at assessed value and property purchased after 2009 at agreed sale price or cost, with taxable value increasing thereafter one percent annually."

Ballot measure summary

According to the description prepared by the Washington Secretary of State:

"This measure would direct that property acquired before January 1, 2009, be valued for taxation as stated in the 2009 property tax statement notice, and increased one percent per year thereafter. Property acquired on or after January 1, 2009, would be valued based on the agreed sale price or documented costs, including construction, increased one percent per year thereafter. Disputes about property value for property tax purposes would be resolved through submission to independent appraisers."

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