{"id":28679,"date":"2017-06-01T12:15:00","date_gmt":"2017-06-01T19:15:00","guid":{"rendered":"http:\/\/www.kentreporter.com\/news\/property-values-in-2017-up-21-2-percent-in-parts-of-kent\/"},"modified":"2017-06-01T12:15:00","modified_gmt":"2017-06-01T19:15:00","slug":"property-values-in-2017-up-21-2-percent-in-parts-of-kent","status":"publish","type":"post","link":"https:\/\/www.kentreporter.com\/news\/property-values-in-2017-up-21-2-percent-in-parts-of-kent\/","title":{"rendered":"Property values in 2017 up 21.2 percent in parts of Kent"},"content":{"rendered":"
Property values are up as much as 21.2 percent in parts of Kent, SeaTac and Des Moines as the King County Assessor’s Office has begun the annual process of mailing valuation notices to more 700,000 property owners in the county.<\/p>\n
Notices will continue arriving to property owners through September.<\/p>\n
In most areas of the county, property values are up again this year. Higher valuations, however, do not necessarily translate into higher property taxes, said Assessor John Wilson.<\/p>\n
“Most people don’t realize that the fluctuating value of your property has less to do with changes in your tax bill than do measures approved by voters,” Wilson said in a media release. “Decisions made by voters, in terms of approving special levies; and by elected officials in terms of adopting budgets, determine the total amount of tax to be collected in your area; the value of your property determines your share of that total amount.”<\/p>\n
Wilson continues to encourage property owners to sign up to receive their annual property valuation notice via email instead of through the USPS. This electronic valuation notice program is convenient for property owners, will save money for the Department of Assessments, and is environmentally friendly.<\/p>\n