Volz bill to protect taxpayers from foreclosure receives public hearing

Legislation in the state House of Representatives designed to protect taxpayers from foreclosure is scheduled for a public hearing in the House Committee on Local Government on Tuesday, Jan. 28 at 10:00 a.m.

House Bill 2526 would decrease the penalty and interest for late property tax payments from about 23 percent to 12 percent.

Rep. Mike Volz, R-Spokane, and prime sponsor of the measure, said the bill is designed to give some relief to those who are struggling to pay past-due property taxes.

“If someone is trying to do the right thing and catch up on their back property taxes, we shouldn't be levying unnecessarily high penalties that add to their financial burden,” said Volz. “Reducing the fees from 23 to 12 percent gives some needed relief to those who are struggling, yet still keeps intact an equitable consequence.”

Volz said the fee reduction would bring the interest charged on delinquent taxes in line with the state's usury laws which are meant to protect Washington citizens from abusive and burdensome interest rates.

“We need to help avoid the further financial and emotional strain of fighting foreclosure,” said Volz. “For many families, who are just one paycheck away from being in serious financial trouble, reducing these fees could mean the difference between working things out, or being put out on the streets. This is the right thing to do.”

Volz's bill has a companion bill in the Senate sponsored by Sen. Jeff Holy, R-Cheney. Senate Bill 6314 had a public hearing in the Senate Ways and Means Committee on Jan. 23.

The 60-day 2020 legislative session is scheduled to end March 12.

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Washington State House Republican Communications
houserepublicans.wa.gov