A 32.5% hike in home values, but property taxes increases will vary

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EVERETT — Property tax statements will be mailed this month, reflecting the 32.5 percent increase in the average assessed home value reported last year in Snohomish County.

But tax statements won’t be going up at the same rate. The average increase in property taxes countywide was calculated at 8.4%, with most places seeing increases anywhere from 2% to 18%, according to the county assessor’s office.

That’s because a rise in assessed property value does not equate to a rise in taxes — rates depend on the levies in each area. And this year, corresponding tax changes “varied drastically” between districts, according to the assessor’s office.

https://www.heraldnet.com/news/home-values-in-snohomish-county-keep-rising-this-time-by-32-5/

[Lettuce Be]

1. Many qualify to defer or exempt their property taxes in WA State

Great program for seniors with fixed income since owning a property you paid off long ago doesn't help when your value is sky-high and property taxes come due.

Other programs available, check the link if you live in WA state and have fixed income.

https://dor.wa.gov/taxes-rates/property-tax/property-tax-exemptions-and-deferrals