The King County Assessor’s Office has announced that “the annual process of mailing property valuation notices to taxpayers” has begun, and West Seattle property owners will get theirs soon. According to the announcement: “Median residential property values rose by 18.3% in West Seattle, and by 11.4% in North Central West Seattle.” (The median is “half more, half less,” NOT the average.) For the latter, that’s a higher increase than the 8% a year earlier. As decreed by state law, these valuations were set at the start of this year for taxes that will be due next year – these notices are not a bill. The KCAO says a major factor in the rising property values was the continued low inventory of housing for sale, coupled with high demand.
P.S. 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. One more note: If you disagree with your valuation, you can appeal it – here’s how.