2 ms·
All properties assess below market value, even new construction. A 1.2m house will generally assess for around 800k.
by turtlebits 4y ago
All properties assess below market value, even new construction. A 1.2m house will generally assess for around 800k.
- __derek__ 4y agoThat would be option (b) in my comment. Washington State law requires assessed values to be 100% of "true and fair value"[1] despite the fact that they tend to lag market value. [1]: https://apps.leg.wa.gov/WAC/default.aspx?cite=458-07-030 https://apps.leg.wa.gov/WAC/default.aspx?cite=458-07-030