Median residential property values are up by about 15.5% for 2020 in the southeast Kent and east Auburn areas, according to King County Assessor John Wilson.<\/p>\n
The King County Assessor’s office has begun the annual process of mailing property valuation notices to taxpayers. Notices will be arriving in southeast King County neighborhoods soon, according to a May 6 news release from the assessor.<\/p>\n
Median residential property values rose by 17.7% in Maple Valley and by 20.8% on the Enumclaw plateau as the assessor releases data for certain areas in the county as valuation notices are sent.<\/p>\n
Each year, county assessors set values on every commercial and residential property value in the state. These values – set effective as of Jan. 1 by state law – are then applied to the next year’s tax bill. Property values are being set as of Jan. 1, 2021, for taxes due in 2022.<\/p>\n
Data indicates that home sale prices and overall home values have risen sharply in most King County neighborhoods, despite the economic impacts of the COVID-19 pandemic.<\/p>\n
“No one knew what to expect a little over a year ago when this public health emergency began,” Wilson said. “Now it is clear that a primary impact on property values has been caused by homeowners not wanting to sell at this time, leading to reduced supply and big price and value increases.”<\/p>\n","protected":false},"excerpt":{"rendered":"
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