{"id":1462,"date":"2008-02-01T10:44:26","date_gmt":"2008-02-01T18:44:26","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/2008\/02\/01\/property-values-stalled-property-taxes-rising\/"},"modified":"2008-02-01T12:58:58","modified_gmt":"2008-02-01T20:58:58","slug":"property-values-stalled-property-taxes-rising","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2008\/02\/01\/property-values-stalled-property-taxes-rising\/","title":{"rendered":"Property Values: Stalled; Property Taxes: Rising"},"content":{"rendered":"<p>The mythical &#8220;fixed payments&#8221; for home buyers takes another hit in 2008, as <a href=\"http:\/\/seattletimes.nwsource.com\/html\/politics\/2004157643_taxes01m.html\" title=\"Tax bill boost averages 6.5% in King County\">property taxes increase an average of 6.5% across the county<\/a>.<\/p>\n<blockquote><p>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.<br \/>\n&#8230;<br \/>\nCountywide, voter-approved tax increases and creation of new tax districts pushed taxes up the most. &#8220;I think today&#8217;s citizen can look in the mirror and say &#8216;I voted for it overall.&#8217; That, and new districts, is pretty much the story,&#8221; Noble said.<\/p>\n<p>Voters approved 24 of 31 tax measures in 2007, including 13 permanent &#8220;lid lifts.&#8221; Lid lifts allow a tax district to increase the regular levy above the 1 percent cap.<\/p><\/blockquote>\n<p>I generally elect not to vote on property tax issues, since I don&#8217;t currently own a home in King County, nor do I ever intend to (I&#8217;ll be in Snohomish or possibly further north).  I do find it interesting that people are so willing to keep jacking up their home payments, even as the value of their asset stalls out and begins to drop.  Maybe the tide will change this year.<\/p>\n<p>Of course, even if the voters stop approving tax increases, I have a feeling that people in government will find a way to keep the money flowing without public votes as home values decline.  Not to get too political, but I&#8217;m sure you recall Safeco Field or Seahawks Stadium.<\/p>\n<p>(<em>Keith Ervin, <a href=\"http:\/\/seattletimes.nwsource.com\/html\/politics\/2004157643_taxes01m.html\" title=\"Tax bill boost averages 6.5% in King County\">Seattle Times<\/a>, 02.01.2008<\/em>)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The mythical &#8220;fixed payments&#8221; 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&#8230;.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[198],"tags":[58,183,31],"coauthors":[],"class_list":["post-1462","post","type-post","status-publish","format-standard","hentry","category-news","tag-king_county","tag-property-tax","tag-seattle_times"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Property Values: Stalled; Property Taxes: Rising \u2022 Seattle Bubble<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/seattlebubble.com\/blog\/2008\/02\/01\/property-values-stalled-property-taxes-rising\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Property Values: Stalled; Property Taxes: Rising \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"The mythical &#8220;fixed payments&#8221; 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....\" \/>\n<meta name=\"twitter:creator\" content=\"@The_Tim\" \/>\n<meta name=\"twitter:site\" content=\"@SeattleBubble\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"The Tim\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2008\/02\/01\/property-values-stalled-property-taxes-rising\/\",\"url\":\"https:\/\/seattlebubble.com\/blog\/2008\/02\/01\/property-values-stalled-property-taxes-rising\/\",\"name\":\"Property Values: Stalled; Property Taxes: Rising \u2022 Seattle Bubble\",\"isPartOf\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/#website\"},\"datePublished\":\"2008-02-01T18:44:26+00:00\",\"dateModified\":\"2008-02-01T20:58:58+00:00\",\"author\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f\"},\"breadcrumb\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2008\/02\/01\/property-values-stalled-property-taxes-rising\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/seattlebubble.com\/blog\/2008\/02\/01\/property-values-stalled-property-taxes-rising\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2008\/02\/01\/property-values-stalled-property-taxes-rising\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/seattlebubble.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Property Values: Stalled; Property Taxes: Rising\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/#website\",\"url\":\"https:\/\/seattlebubble.com\/blog\/\",\"name\":\"Seattle Bubble\",\"description\":\"local\u00a0real\u00a0estate\u00a0news, statistics,\u00a0and\u00a0commentary without\u00a0the\u00a0sales\u00a0spin.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/seattlebubble.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f\",\"name\":\"The Tim\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/image\/37756956c11dcc50d2559761ffa5ee70\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/19e5770990a1681615608091b2de571b10c3e03bbac7d07bb2ae15297ee72fbc?s=96&d=retro&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/19e5770990a1681615608091b2de571b10c3e03bbac7d07bb2ae15297ee72fbc?s=96&d=retro&r=g\",\"caption\":\"The Tim\"},\"description\":\"Tim Ellis is the founder of Seattle Bubble. His background in engineering and computer \/ internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market. Tim also hosts the weekly improv comedy sci-fi podcast Dispatches from the Multiverse.\",\"sameAs\":[\"http:\/\/SeattleBubble.com\/\",\"http:\/\/facebook.com\/is.totally.pointless\",\"https:\/\/x.com\/The_Tim\"],\"url\":\"https:\/\/seattlebubble.com\/blog\/author\/timothyellis\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Property Values: Stalled; Property Taxes: Rising \u2022 Seattle Bubble","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/seattlebubble.com\/blog\/2008\/02\/01\/property-values-stalled-property-taxes-rising\/","twitter_card":"summary_large_image","twitter_title":"Property Values: Stalled; Property Taxes: Rising \u2022 Seattle Bubble","twitter_description":"The mythical &#8220;fixed payments&#8221; 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....","twitter_creator":"@The_Tim","twitter_site":"@SeattleBubble","twitter_misc":{"Written by":"The Tim","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/seattlebubble.com\/blog\/2008\/02\/01\/property-values-stalled-property-taxes-rising\/","url":"https:\/\/seattlebubble.com\/blog\/2008\/02\/01\/property-values-stalled-property-taxes-rising\/","name":"Property Values: Stalled; Property Taxes: Rising \u2022 Seattle Bubble","isPartOf":{"@id":"https:\/\/seattlebubble.com\/blog\/#website"},"datePublished":"2008-02-01T18:44:26+00:00","dateModified":"2008-02-01T20:58:58+00:00","author":{"@id":"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f"},"breadcrumb":{"@id":"https:\/\/seattlebubble.com\/blog\/2008\/02\/01\/property-values-stalled-property-taxes-rising\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/seattlebubble.com\/blog\/2008\/02\/01\/property-values-stalled-property-taxes-rising\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/seattlebubble.com\/blog\/2008\/02\/01\/property-values-stalled-property-taxes-rising\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/seattlebubble.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Property Values: Stalled; Property Taxes: Rising"}]},{"@type":"WebSite","@id":"https:\/\/seattlebubble.com\/blog\/#website","url":"https:\/\/seattlebubble.com\/blog\/","name":"Seattle Bubble","description":"local\u00a0real\u00a0estate\u00a0news, statistics,\u00a0and\u00a0commentary without\u00a0the\u00a0sales\u00a0spin.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/seattlebubble.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f","name":"The Tim","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/image\/37756956c11dcc50d2559761ffa5ee70","url":"https:\/\/secure.gravatar.com\/avatar\/19e5770990a1681615608091b2de571b10c3e03bbac7d07bb2ae15297ee72fbc?s=96&d=retro&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/19e5770990a1681615608091b2de571b10c3e03bbac7d07bb2ae15297ee72fbc?s=96&d=retro&r=g","caption":"The Tim"},"description":"Tim Ellis is the founder of Seattle Bubble. His background in engineering and computer \/ internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market. Tim also hosts the weekly improv comedy sci-fi podcast Dispatches from the Multiverse.","sameAs":["http:\/\/SeattleBubble.com\/","http:\/\/facebook.com\/is.totally.pointless","https:\/\/x.com\/The_Tim"],"url":"https:\/\/seattlebubble.com\/blog\/author\/timothyellis\/"}]}},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p6wh0F-nA","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/posts\/1462","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/comments?post=1462"}],"version-history":[{"count":0,"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/posts\/1462\/revisions"}],"wp:attachment":[{"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/media?parent=1462"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/categories?post=1462"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/tags?post=1462"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/coauthors?post=1462"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}