Ever been curious about how your condo property taxes are established, are they linked to your condo’s market value, or what about how often they are calculated and re-assessed?? Here is your chance to hear it right from the source.
Join King County Assessor Lloyd Hara who is hosting Seattle Condo Owners at an educational event on Capitol Hill this weekend.
The Assessor and representatives from the Department of Assessments will be on hand to provide a condo real estate market update, explain the property assessment process, and answer questions.
Date: Saturday September 26, 2015
Time: 11:00AM – 12:30PM
Location: 12th Avenue Arts - 1620 12th Ave, Seattle WA, 9812
Also, did you know these interesting facts about our condo property taxes? According to the King Co Assessor’s office:
• Taxing districts are held to a 1% annual increase limit in property tax revenue regardless of the change in property values, unless voters approve special levies.
• Overall, property taxes increased by 4.11% in 2015, but individual property taxes vary depending on the property location.
• Individual property taxes are calculated based on the assessed value of a property, the total taxable property value in the community, voter-approved measures, and the budgets adopted by local governments.
• Only 17.5 cents of every property tax dollar supports services provided by King County government.
So go learn more about your condo’s property valuation at this educational event just for Seattle Condo Owners, this weekend.
For more information about the event visit their Facebook event page.
The Assessor’s office has a wealth of information on their website, or you can follow them on Twitter and on Facebook to keep in the loop.
By Marco Kronen with Seattle Condo Review: A guide to Seattle downtown condos.