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

District takes steps to secure school campuses

Safety measures have been enhanced at Hawthorne and Silver Firs elementary schools in Everett.

Local police join thousands honoring slain Canadian officer

Abbotsford Const. John Davidson was killed Nov. 6 in a shootout with a suspected car thief.

Hard work is paying off for Mariner High senior

Mey Ly has excelled in school since moving here from Cambodia; she also serves as an intrepreter.

1 arrested after SWAT team moves in on Marysville house

The incident was connected to an earlier robbery.

Darrington School Board race might come down to a coin flip

With a one-vote difference, a single ballot in Skagit County remains to be counted.

Herald photos of the week

A weekly collection of The Herald’s best images by staff photographers and… Continue reading

No easy exit from Smokey Point shopping complex

There’s just no easy exit on this one. A reader called in… Continue reading

County Council upholds ban on safe heroin injection sites

At Monday’s public hearing, more than 15 people spoke in support of the ban. No one spoke against it.

Lynnwood, Marysville, Sultan consider ban on safe injection sites

If approved, they would join Lake Stevens and Snohomish County, which have temporary bans.

Most Read