County property values pass $105 billion

Snohomish County property values have broken the $100 billion mark and continue to soar, the county assessor announced Monday.

New property value assessments are in the mail, and average 17 percent higher than last year for homeowners, county Assessor Cindy Portmann said.

“Snohomish County values seem to be holding pretty steady and still increasing in spite of some areas of the state saying there is slower growth,” Portmann said.

Property values countywide are pegged at $105.5 billion, including nearly 273,000 homes and businesses. The value is nearly twice as much as in 2003, when it was announced that the county was worth $57 billion.

Values are driven by the region’s job growth, Portmann said. Also, the housing market here is hot – driven by King County homebuyers looking for a bargain, Portmann said.

Compared with last year, the rise in value wasn’t as sharp. Property owners saw an average 23 percent bump last year.

For property owners, the letter from the assessor is a blend of pleasure and pain.

It’s nice to see a jump in property values – especially if you’re planning on selling.

For others, higher property values can mean higher taxes – especially if local taxing districts increase the tax rate, or voters tax themselves for school or transportation measures.

Officials are bracing for the phone calls once people open their new property assessments, Portmann said.

“We have all hands on deck answering phones, returning e-mails,” Portmann said. “There’s a freeze on vacation time this time of year.”

The assessor released property value increases by school district. Individual values will be different from the reported averages.

Properties in the Edmonds School District are now worth $24.8 billion, an increase in value of $3.1 billion, leading the county.

Go a little farther north and properties in the Everett School District are worth $18.8 billion, more than $2.5 billion higher than last year.

Properties within the Index School District are worth a scant $166 million by comparison, and posted an 11 percent rise, the county’s slowest increase.

The biggest percentage increases were seen for properties in the Stanwood School District (23.4 percent), Lakewood School District (21.8 percent) and Lake Stevens School District (20.7 percent.)

Appraisers use nearby property sales to calculate the rise in property values. County staff physically inspect a fraction of the properties in the county each year, and estimate the increase for the remaining properties.

“We encourage property owners, if they have questions or concerns, to call my office and talk to an appraiser before they file an appeal,” Portmann said. “It may not be necessary to file an appeal.”

The latest values will be used to calculate property taxes in 2008. Portmann is emphatic when she says that a rise in property value doesn’t directly correlate to a rise in property taxes.

“A good portion of property taxes paid are voter-approved, about 40 to 45 percent,” she said. Local taxing districts, including the county, cities and utility and school districts, dictate what tax collections will be, Portmann said.

Property owners have 60 days to file an appeal challenging the value given by the assessor.

Properties online

To see how homes in your neighborhood are valued, go to and search for “scopi” (Snohomish County Online Property Information.)

Seniors and disabled people can qualify for tax exemptions and have their property values frozen.

To speak to the assessor’s office about a property value, call 425-388-6555. To challenge an assessment, call the county Board of Equalization at 425-388-3407.

Talk to us

More in Local News

Everett Police Chief Dan Templeman announces his retirement after 31 years of service at the Everett City Council meeting on Wednesday, Sept. 27, 2023 in Everett, Washington. (Olivia Vanni / The Herald)
Everett police chief to retire at the end of October

Chief Dan Templeman announced his retirement at Wednesday’s City Council meeting. He has been chief for nine years.

Boeing employees watch the KC-46 Pegasus delivery event  from the air stairs at Boeing on Thursday, Jan. 24, 2019 in Everett, Wa. (Andy Bronson / The Herald)
Boeing’s iconic Everett factory tour to resume in October

After a three-year hiatus, tours of the Boeing Company’s enormous jet assembly plant are back at Paine Field.

A memorial for a 15-year-old shot and killed last week is set up at a bus stop along Harrison Road on Wednesday, Sept. 13, 2023, in Everett, Washington. (Ryan Berry / The Herald)
Teen boy identified in fatal shooting at Everett bus stop

Bryan Tamayo-Franco, 15, was shot at a Hardeson Road bus stop earlier this month. Police arrested two suspects.

Mike Bredstrand, who is trying to get back his job with Lake Stevens Public Works, stands in front of the department’s building on Wednesday, Sept. 27, 2023, in Lake Stevens, Washington. Bredstrand believes his firing in July was an unwarranted act of revenge by the city. (Ryan Berry / The Herald)
Lake Stevens worker was fired after getting court order against boss

The city has reportedly spent nearly $60,000 on attorney and arbitration fees related to Mike Bredstrand, who wants his job back.

Chap Grubb, founder and CEO of second-hand outdoor gear store Rerouted, stands inside his new storefront on Thursday, Sept. 21, 2023, in Gold Bar, Washington. Rerouted began as an entirely online shop that connected buyers and sellers of used gear.  (Ryan Berry / The Herald)
Used outdoor gear shop Rerouted finds a niche in Gold Bar

Seeking to keep good outdoor gear out of landfills, an online reselling business has put down roots in Gold Bar.

Naval Station Everett. (Chuck Taylor / Herald file)
Everett man sentenced to 6 years for cyberstalking ex-wife

Christopher Crawford, 42, was found guilty of sending intimate photos of his ex-wife to adult websites and to colleagues in the Navy.

Snohomish County Executive Dave Somers speaks to the crowd during an opening ceremony at the new PAE2 Amazon Fulfillment Center on Thursday, Sept. 14, 2023, in Arlington, Washington. (Ryan Berry / The Herald)
Snohomish County executive pitches $1.66B budget

Snohomish County Executive Dave Somers announced his proposed budget Tuesday afternoon. Public comment is slated to begin Oct. 10.

Lars Kundu wipes away tears during his sentencing Thursday, Sept. 28, 2023, at Snohomish County Superior Court in Everett, Washington. (Ryan Berry / The Herald)
5 years after fatal hit and run, Lake Stevens man sentenced to prison

Lars Kundu, 28, pleaded guilty in May for the 2018 death of Chad Keeler. He was handed more than 6 years in prison Thursday.

Cars move across Edgewater Bridge toward Everett on Tuesday, Sept. 26, 2023, in Washington. (Olivia Vanni / The Herald)
Edgewater Bridge redo linking Everett, Mukilteo delayed until mid-2024

The project, now with an estimated cost of $27 million, will detour West Mukilteo Boulevard foot and car traffic for a year.

Most Read