Want to know how much your property taxes are increasing?
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I know this has been a hot topic over the last month or so and wanted to put this out so that we can all get an idea as to what our tax increase will be for 2017.Please let me know if you have any questions making the calculations as I would be happy to help. What do you think about the increase?
If you're one of those homeowners who winces a little bit when the property tax bill comes in the mail -- get ready. Preliminary numbers point to a double-digit percentage increase in property taxes when the bill arrives later this month. In addition prices in King County are expected to climb by over 10% again for 2018.
King County will be higher than last year’s by an average of nearly 17 percent, Assessor John Wilson says. And the bump will cost the owner of a median-valued county home about $700, according to Wilson, who says the state’s new school-funding plan is the main reason.
He says the plan created in response to the state Supreme Court’s landmark McCleary decision will be responsible for about two-thirds of King County’s hike.
“It’s the largest increase in some time,” Wilson said in an interview Friday.
The Cascade Team
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