Buyers in Seattle are being warned not to put money down on their houses that have been in disrepair for years because the city is looking to make up for lost income in the wake of a historic fire.
The city has been in the midst of a massive rebuilding effort, and it is facing a $4.8 billion budget shortfall.
As the city braces for a surge in demand in 2018, it is taking steps to improve the housing stock.
In November, the city approved a new 10-year housing bond program that will allow the city to build more housing and build more affordable housing.
However, the deal also requires that some homes be put into service, and many homeowners in Seattle will likely see a reduction in their property taxes in 2019.
That means many homes will be taxed at higher rates.
The new law is expected to reduce the tax bill by $500 million over the next 10 years.
But it also means that some owners of older homes could see their property tax bills go up.
The problem is that a majority of older properties in Seattle still have major damage.
That could have an impact on the city’s economy if older homes are taxed at a higher rate than newer homes, according to a report by the Washington Policy Center, a think tank in Seattle.
While a lot of older Seattle homes have already been taxed higher than newer properties, it could make it harder for homeowners to make the tax savings needed to stay in their homes and pay down their debts.
“If there are more older homes in the city that are in good condition, they’re more likely to be taxed more than newer older homes,” said Paul Aiken, a research director at the Policy Center.
“That would make it more difficult for owners to afford new homes.”
The new housing bond also allows the city “to take more risk on older homes to avoid tax liability for property taxes,” according to the policy center.
“A few hundred thousand dollars in tax revenue is better than nothing, especially if that revenue can be used for other public purposes, such as public transit projects or affordable housing projects,” said Aiken.
“But a significant amount of the city revenue that’s being used to build affordable housing is still going to be used to pay for these aging homes.”
If the city does find it necessary to make some homes more attractive for buyers, it can also take some advantage of the new tax incentives.
In January, the Seattle Municipal Transportation Commission (SMTC) announced that it would offer a discount to homeowners who put down down more than $400,000 on their homes.
The discount will be available to owners of single-family homes, single- and multi-family houses, and single- or multiple-family townhomes.
This discount applies only to properties valued between $200,000 and $400.000, and not to properties with value of more than more than a million dollars.
“The discount is not for new homes,” SMTC spokesperson Mark Dyer told the Seattle Times.
“There is no discount for older homes.”
Dyer said the discount would only apply to homes in which the property is valued between one and $200 million.
The SMTC’s announcement comes just months after it announced that the city would give homeowners a 50% discount on their tax bill in 2018.
The discounts are not limited to single-home homes, however.
The same discount applies to multi-unit houses as well.
The agreement with SMTC comes after the Seattle City Council passed a tax break for developers that will benefit older homeowners, as well as low-income residents.
The council also voted to lift the restrictions on new developments that allow for single-story homes to be built on a vacant lot.
The Seattle Housing Authority, which is responsible for the construction of new homes, is also looking to expand the housing market.
The authority has been offering developers a new incentive package in exchange for allowing them to build smaller, smaller homes that are cheaper to build than larger, larger homes.
However at the same time, the authority is also proposing to make it easier for developers to build new homes by exempting them from tax.
If a developer can’t meet the minimum requirements for building a single-storey, three-storeys or four-storeies home, they will be able to build a bigger, more affordable home.
However the proposal does not exempt a developer who builds a home for $100,000 or more from paying a property tax.
Developers will also be able now to build two- and three-bedroom homes.
A new proposal by the city also proposes a special tax break that would allow developers to deduct all of the construction costs from their tax bills, while the SMTC and the city are currently offering a 50/50 tax break to developers who build affordable, two-bedroom houses.
However those incentives are not expected to be enough to offset the lost tax revenue for the SMCT.
“I don’t know how much [the city’s new tax plan] will offset the tax reduction on older