Industry News

King County property values rise at ‘unprecedented’ rates; tax hikes likely

Photo by Zac Gudakov on Unsplash

Seattle Times | Heidi Groover

The region’s hot real estate market has led to “unprecedented” increases in home values that will drive up next year’s property tax bills, according to the King County assessor’s office.

Home values are up all over the county, but particularly in Eastside areas such as Redmond (43% on average), Woodinville (44%) and Kirkland (44.5%). The Sammamish Plateau topped the list with a 52% increase from the previous year. That’s double the still eye-popping 26% increase in Federal Way.

Continue reading: King County property values rise at ‘unprecedented’ rates; tax hikes likely

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