Here’s how much property values have risen in 2 West Seattle neighborhoods

The King County Assessor’s Office says two more areas of West Seattle will get property-valuation notices soon. These are valuations as of January 1st of this year, which will be used for the tax bills that property owners will get next year. The Assessor’s Office announcement says, “Median residential property values rose by 9.2% in Fauntleroy, and by 8% in North Central West Seattle,” adding, “Data indicates that home sale prices and overall home values have risen sharply in most King County neighborhoods, despite the economic impacts of the COVID-19 pandemic. No one knew what to expect a little over a year ago when this public health emergency began. Now it is clear that a primary impact on property values has been caused by homeowners not wanting to sell at this time, leading to reduced supply and big price and value increases.” (You don’t have to wait for the postcard to arrive by mail – if your new valuation has been finalized, it’ll show up online; one way to look it up is to use the King County Parcel Viewer to check – once you’ve gotten to the page for your address, click through to the “property detail” page.)

Diane May 28, 2021 (3:02 pm)

can you get any specifics, like boundaries, on what is “North Central West Seattle”?

WSB May 28, 2021 (3:11 pm)

I asked yesterday, still no reply.
ttt May 28, 2021 (8:19 pm)

The junction. Alaska Junction area is what north central West Seattle means to me. And that would make sense since homes in that area are selling for upwards of $300,000 more than the asking price.

Peter May 28, 2021 (5:31 pm)

I sure wish my income rose by 8.2-9% to match the uptick in property taxes.

Peter May 28, 2021 (7:16 pm)

I agree with Peter
- Joe Z May 28, 2021 (10:30 pm)
  
  Meh…it comes out to like 20 or 30 bucks a month. Not worth worrying about unless you are on a fixed income (and even then there are ways to get help).
  - Winniegirl May 29, 2021 (9:11 am)
    
    That is true. But, add it to all of the other 20$ increases through levies etc and it adds up to a lot. My tax payment (including all of the levies yes I understand those are different) has almost double in the 6 years that I lived in my (formerly affordable) condo. Home ownership is also part of of any affordable housing plan. We want people to stay and build communities. And our over reliance on property taxes does not support that. My home is where I live – not a liquid assets.
  - Brian May 29, 2021 (3:13 pm)
    
    $20-30 a month is a lot of money for a lot of people.

Kersti Muul May 28, 2021 (6:04 pm)

Property values in seaview have definitely risen

namercury May 28, 2021 (7:52 pm)

I hope my research is correct. I went to the “Tax Transparency Tool.” If it is, it seems to verify that the tax load is distributed over a higher neighborhood valuation and my home value has apparently not increased in value proportionally. Therefore, it seems to indicate my taxes to be paid in 2022 will actually be less (by about $700) than paid in 2021. I’m a skeptic! If it seem to be too good to be true, it probably is! :-) I probably missed something or misinterpreted.

Sorry, comment time is over.