King County Assessor John Wilson has put together a video that helps residents understand how property tax values are determined.
“While your property value might change, the greatest driver in how much you pay in property tax is actually voter-approved ballot measures,” Wilson said. “Each local government can only increase property tax revenues by 1% per year unless – and this an important unless – voters approve a special levy; and it’s these levies that are increasing property tax bills for most of us.”
The video debunks some of the myths about the role of property appraisers and explains the key functions of appraisers and how they determine the value of properties.
To learn more about the role of appraisers, click here to watch the video.