Assessed home values on the rise in Snohomish County

EVERETT — If you received a letter recently from the Snohomish County Assessor, chances are it informed you that your home is worth more than it was a year ago.

Average assessed values for houses and condos in the county increased by more than 12 percent this year. That puts the typical home value at $275,000, compared to $245,000 a year earlier.

It was the second straight year of higher values, following a post-recession dip.

The new figures will be used to calculate taxes due in 2015. It won’t be until early next year that county number-crunchers will know more.

“We can’t predict what property taxes will be for individual properties,” Assessor Cindy Portmann said. “We don’t know what will happen yet.”

Local governments first have to pass budgets for next year. Voter-approved ballot measures also could change the equation.

The latest assessments are supposed to reflect property values as of Jan. 1, 2014. The county mailed assessment notices in late June.

The overall value of taxable property in Snohomish County increased by $8.4 billion this year to $92.6 billion, the Assessor’s Office reported. That’s a jump of 10 percent.

The total includes $68.2 billion in residential value —both houses and condos— as well as $24.4 billion in commercial property.

The Assessor’s Office is in the process of adding new construction to those totals, Portmann said.

Values rose throughout the county, except for in the Darrington area. That owes largely to damages from the March 22 Oso mudslide and related flooding, which has reduced some property values and taken others off the tax rolls altogether.

Noah Haglund: 425-339-3465, nhaglund@heraldnet.com.

More in Local News

Grief for the planet is real, and students are feeling it

“They’re losing sleep,” says a UW Bothell lecturer. She leads a seminar on environmental anxiety.

Herald photos of the week

The latest collection of top images by Herald photographers.

Special election Tuesday: Libraries, schools, fire districts

Property levies are on the ballot for the Sno-Isle Library District and Darrington schools.

Granite Falls puts new sewer connections on hold

A surge of residential development is on track to eat up its remaining sewer capacity.

Final feedback of future of Marysville’s schools

Officials now begin to prepare recommendations on high school reconfiguration and other issues.

Cougs beat Dawgs — and the Hawks

WSU boasts the No. 1 specialty license plate, and the money that comes with it.

Man pleads guilty to assault in Christmas Eve stabbing at mall

“Good Samaritan” who tried to break up fight ended up hospitalized with a knife wound to his back.

New support group for those whose loved ones battle opioids

“I remember when my dad told me that every time our family member relapses, we relapse.”

Body of Monroe woman found near Cedar Ponds Lake

The 22-year-old fell over the waterfall south of Sultan nine days ago, the sheriff’s office said.

Most Read