I received the following email from a reader. He explains the issue quite well, so I’ll let his message do all the talking: My wife and I bought our home a year ago in Mill Creek, Snohomish County. On Friday, we received a bill from King County instructing us that we owed them over $2,000,…
Tag: assessments
Why are property tax assessments often so inaccurate?
As a follow-up on last week’s post about how falling home values can still lead to an increasing property tax bill, I thought I would go a little more detail on how the county assessor comes up with that magical home value number on which they base your tax bill. Here’s how the King County…
Avoid Pitfalls When Appealing Your Property Tax Valuation
Note from The Tim: The following is a guest post from Charlie Walsh, the Founder and CEO of ValueAppeal, a new startup based in Seattle. ValueAppeal is a simple online tool that homeowners can use to help them appeal their property tax assessments. King County Property Tax Appeal Deadline Is Soon! Each year counties around…
Link Roundup: Taxes, Fraud, & Layoffs (oh my)
There have been a lot of local real estate stories this week that are worth mentioning, but aren’t big enough to merit their own post. So it’s time for another link roundup. Tax Assessments & Government Revenue First up, while tax assessments may be falling in Pierce and Snohomish, it looks like they’re still on…
Tax Assessments Falling Around the Sound
Declining property values are beginning to sink in at tax assessors’ offices around the sound. From the Everett Herald: Slump hits tax value of your home “I don’t think I can remember a year where we’ve decreased residential values countywide since I started working here in 1987,” county assessor Cindy Portmann said. Her chief residential…