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We are required to conduct an annual statistical update of assessed values based on real estate transactions.
Even if you have not made any improvements to your home, your value continues to follow the market activity in your neighborhood.
If the taxpayer does not think that their property value is fair market value, they have the right to appeal to the Board of Equalization on or before July 1st of the current assessment year, or 60 days of the date of mailing of a value change notice or other determination notice, whichever is later.
The taxpayer must provide specific reasons why he/she believes the Assessor's value does not reflect the true and fair market value (RCW ).
The percentage of assessment increase, personal hardship, the amount of tax, and other matters unrelated to the market value cannot be considered.