Multi-Family Property Tax Exemption Application
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6. Please provide any other applicable information that will assist in the review of your request and will
help show that your project meets the criteria in the Bremerton Municipal Code 3.78.050. You may
include additional pages as necessary.
The City may issue a Conditional Certificate of Acceptance of Tax Exemption, based on the information
provided by the applicant. The Conditional Certificate will be effective for not more than three (3) years, but
may be extended for an additional 24 months under certain circumstances. The City will issue a Final
Certificate of Tax Exemption upon completion of the project, satisfactory fulfillment of all contract terms, a
final inspection, and issuance of a Certificate of Occupancy.
EFFECT OF CANCELLATION
If a tax exemption is canceled due to a change in use or other noncompliance, the following taxes and
penalties will apply:
a. Additional real property tax, plus interest, shall be imposed based upon the value of the non-
qualifying improvements. This additional tax is calculated based upon the difference between the
property tax paid and the property tax that would have been paid if it had included the value of the
non-qualifying improvements dated back to the date that the improvements were converted to a non-
b. A penalty shall be imposed amounting to twenty (20) percent of the value of the additional property
tax plus interest.
c. The interest is calculated at the same statutory rate charged on delinquent property taxes from the
dates on which the additional property tax could have been paid without penalty if the improvements
had been assessed at full value without regard to this tax exemption program.
d. The additional taxes, interest, and penalties will become a lien on the land and attach at the time the
property or portion of the property is removed from multi-family use or the amenities no longer meet
applicable requirements. The lien has priority over and must be fully paid and satisfied before a
recognizance, mortgage, judgment, debt, obligation, or responsibility to or with which the land may
become charged or liable.