55+ Living in Pierce County
What does 55+ living look like in Pierce County?
It looks different for everyone. For some, it means a single-level home with less yard to care for. For others, it means a 55+ community with a clubhouse, pickleball and neighbors at the same stage of life. For many, it simply means a home that fits the way you want to live now.
Whether you’re ready to move this year or just starting to think about it, we’ll help you look at every option and build a plan that feels right. No pressure, ever.
What is a 55+ community?
A 55+ community is a neighborhood designed for active adults. Under federal fair housing law, at least 80% of the occupied homes must have at least one resident who is 55 or older. Most have an HOA that takes care of yards and common areas, plus amenities like a clubhouse, fitness center, walking trails and social events.
Near Bonney Lake, Trilogy at Tehaleh offers resale homes around its Seven Summits Lodge, and Verterra at Tehaleh offers new construction with Mt. Rainier views. Just south in Lacey, Jubilee and Ovation at Oak Tree are popular choices too. Each community has its own HOA rules and dues, and we’ll walk you through them before you buy.
Is it time to downsize?
Many homeowners start thinking about downsizing when the stairs, the yard or the empty bedrooms feel like more than they need. A smaller or single-level home can mean lower utility bills, less upkeep and more time for the things you enjoy.
Downsizing doesn’t have to mean a smaller life. It might be a single-level home closer to family, a low-maintenance townhome, or a community with activities built in. We’ll help you weigh the costs and benefits so you can decide what’s right for you.
How do I sell the family home and buy my next one?
Timing is the biggest question we hear. Depending on your situation, you may be able to sell first and rent back for a short time, buy first with a contingent offer, or use a bridge loan. We’ll help you compare your options with a trusted lender so you only move once.
Many long-time owners have built up a lot of equity. If you’ve owned and lived in your home for at least two of the last five years, you may be able to exclude up to $250,000 of the gain from capital gains tax, or up to $500,000 for married couples filing jointly. Your tax advisor can tell you how this applies to you.
Are there property tax breaks for seniors in Washington?
Yes. Washington offers a property tax exemption for homeowners who are 61 or older, or retired due to a disability, and who meet income limits set by each county. In Pierce County, the household income limit is currently $64,000, and the home must be your primary residence.
You apply through the Pierce County Assessor-Treasurer’s office. If you’re thinking about a move, we’ll help you compare the property taxes, HOA dues and insurance on a new home with what you pay now, so there are no surprises.
