By The Tim on July 9, 2010
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 [...]
Posted in Counties, Statistics | Tagged assessments, property tax, Property Taxes, Tableau, ValueAppeal
By The Tim on June 28, 2010
Since property tax season has rolled around here in the Seattle area again, I thought it might be a good time to demystify one aspect of property taxes that has often confused home owners during this housing bust. If you’re like many local home owners, the county’s assessment of your home has probably dropped around [...]
Posted in Features | Tagged property tax, Property Taxes, tax revenues
By The Tim on June 9, 2008
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 [...]
Posted in News | Tagged assessments, property tax, tax revenues
By The Tim on February 1, 2008
The mythical “fixed payments” for home buyers takes another hit in 2008, as property taxes increase an average of 6.5% across the county. The average King County homeowner will pay about 6.5 percent more in property taxes in 2008, mostly because of voter-approved increases and creation of new taxing districts, Assessor Scott Noble reported Thursday. [...]
Posted in News | Tagged King_County, property tax, Seattle_Times
By The Tim on January 23, 2008
Haven’t seen this one mentioned on the other local real estate blogs, but it’s definitely of interest to anyone out there that already owns a home (or a home loan, as the case may be). Depending on who you believe, a new bill floating around down in Olympia may either help home owners reduce their [...]
Posted in News | Tagged property tax, tax revenues
By The Tim on November 9, 2007
Hmm, this seems like it could be a timely lucky break for state and local governments that have failed to responsibly save any of their recently booming property-tax revenue: The State Supreme Court today found Initiative 747, the tax-limiting measure passed by voters in 2001, unconstitutional. … The measure, passed by voters in 2001, limited [...]
Posted in News | Tagged government_meddling, Gregoire, insurance, property tax
