Social Housing Tax

Voters Approve Social Housing Tax

In a special election held February 11, 2025, the voters of the City of Seattle approved the Social Housing Tax. The tax is imposed on businesses at a tax rate of 5% on compensation that exceeds $1 million paid in Seattle to an employee. The new tax went into effect January 1, 2025.

For tax year 2025, Seattle businesses subject to the Social Housing Tax will file their return and tender tax due by January 31, 2026. Thereafter, businesses subject to the Social Housing Tax will file and pay the tax on a quarterly basis.

You may view the text of the Social Housing Tax by clicking this link.

Office of City Finance

Jamie Carnell, Director
Address: 700 5th Avenue, Seattle, WA, 98104
Mailing Address: P.O. Box 94669, Seattle, WA, 98124-4669
ocf@seattle.gov

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City Finance manages the financial operations of the City of Seattle and oversees the City’s financial controls and enterprise reporting while working to achieve the goals set by the Mayor and the City Council.