Are you questioning why your property taxes may have gone up? Many people do. Every year I get phone calls from neighbors and clients asking me why their taxes have increased. Most people hope to contest King County's tax assessment if they think the property tax increase is unfair. Before you decide to contest your taxes, it's a good to know how and why the taxes increase. As a citizen and tax payer, you'll have an opportunity to meet Lloyd Hara, the King County Tax Assessor, at a town hall meeting. Mr. Hara will discuss the ins and outs of property taxes and how one can make an appeal.
Below is a a copy of the press release regarding the Town Hall Meeting:
King County Assessor Lloyd Hara from the Department of Assessments will host a town hall meeting on Tuesday, November 12th from 6:00 PM to 7:30 PM to discuss property valuations, taxes and the services the Department of Assessments provides to assist King County property owners. The King County Board of Equalization and Tax Advisor’s Office will also present information on property valuation appeals.
Tuesday, November 12, 2013
6:00 p.m. – 7:30 p.m.
Kirkland City Hall – Peter Kirk Room
123 5th Ave, Kirkland, WA 98033
This town hall will be an opportunity for residents to learn more about their property assessments and values, senior and disabled exemptions, online services and the appeals process.
"We are beginning to see a recovery in the housing market in King County," said King County Assessor Lloyd Hara. "Though property values continue to decline in selected areas, there are also a number of areas where property values are increasing, including in the City of Seattle and the Eastside.”
Property taxes are mixed in King County for 2013, with property values and property taxes down for many. However, some property owners from will see their property values decline while their property taxes increase, and other property owners will see both their property values increase and property taxes increase.
If you would like more information, please visit the King County Assessor’s website at www.kingcounty.gov/assessor or contact Phillip Sit at 206/263-2261 or firstname.lastname@example.org.
Will there be any condos available to buy on Seattle's eastside in 2013? If we look at the chart, it sure looks like the number of available condos could disappear! Right now, if no more condos were to come on the market, it would take less than 2 months to sell those currently available. We really expect condos to be on the market next year, but it's clear we'll start out with little for sale.
The number of condos for sale in Bellevue, Kirkland, Issaquah, Redmond, Sammamish and other eastside cities has been cut in half since March of this year. That's a huge drop in a short amount of time.
Not as many condos sold this past month when compared to other months of this year. However, because the number of condos for sale is so small, 56% of the condos on the market sold last month.
Median pricing has increased from last year by $20,000 to $242,000.
We do expect the number of condos for sale to stay low in 2013 as many are still hoping to recover some of the value of their condos before making a move.
Stay tuned to the first of the year, which is just around the corner. We'll do a wrapup of this year's condo sales on Seattle's eastside.
Have a great New Year!