wnersEach spring, Washington homeowners receive tax statements based on the assessed value of their homes. A large portion of revenues from property taxes go toward educating our community’s young people. In addition, our police, fire, libraries, and parks and recreation are funded with this money. During difficult economic times, these revenues are especially important.
As many in Washington have seen their property values decrease, it’s not unreasonable to expect that property assessments would go down as well. However, that’s not always the case. In the state of Washington, approximately half of your property tax is determined by levies for schools and community services.
While you can’t do much to avoid paying property taxes, if you disagree with the value your local assessor has placed on your house, you are entitled to an appeal. For more information about appealing your home’s assessment, as well as the petition form you will need to fill out go to http://dor.wa.gov/content/findtaxesandrates/propertytax/
If your property assessment has piqued your curiosity about the value of your home, please feel free to contact me. I’d be happy to discuss a comparative market analysis of your home, and, if appropriate, a property marketing and price strategy plan.
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