Seattle Bubble

News & discussion about real estate & the housing bubble in the Seattle area.

Seattle Bubble - News & discussion about real estate & the housing bubble in the Seattle area.

Entries Tagged as 'property tax'

Tax Assessments Falling Around the Sound

June 9th, 2008 · 17 Comments

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 appraiser, Steve [...]

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Property Values: Stalled; Property Taxes: Rising

February 1st, 2008 · 47 Comments

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.

Countywide, voter-approved [...]

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Huge Property Tax Increase, or Easier Dispute Process?

January 23rd, 2008 · 9 Comments

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 [...]

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I-747 Tossed, R-67 Passed = More Market Downers?

November 9th, 2007 · 29 Comments

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 increases in state [...]

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