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….
Tag: property tax
Huge Property Tax Increase, or Easier Dispute Process?
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…
I-747 Tossed, R-67 Passed = More Market Downers?
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…