South county, rural areas see big increase in property values

EVERETT — Snohomish County property values saw big year-over-year gains in some rural areas and in heavily suburban south county, recent assessment notices show.

Property values within the Darrington School District rose 15.1 percent — more than anywhere else in the county. Values in the northeast corner of the county tumbled after the deadly Oso mudslide in 2014, but have rebounded better than expected, Assessor Linda Hjelle said.

“They’re seeing a larger increase as kind of a catch-up,” Hjelle said.

Properties within the Granite Falls School District had the next-largest increase of 10.8 percent. Hjelle sees that as a product of the real-estate market finally recovering from the recession. She believes similar forces are at play in the Monroe and Sultan school districts, where values went up 9.4 and 9.6 percent, respectively.

“For some of the east-county areas, I think it’s just that the market has been slower in coming back and now it is coming back,” Hjelle said. “That seems to be what the sales are showing us.”

Suburban communities in the southern part of the county are likely seeing increases from the hot housing market and scarcity of available homes, Hjelle said.

Values within the Edmonds School District increased by 10.6 percent compared to last year. In addition to Edmonds, the district encompasses Brier, Lynnwood, Mountlake Terrace and Woodway.

The Northshore School District, which covers the Bothell area, saw values increase about 9.5 percent.

Properties within the Everett School District rose by 7.6 percent, with communities farther north seeing slightly smaller increases.

The combined assessed value of homes and businesses reached $110.2 billion for the whole county.

The value of residential and commercial properties increased countywide by 8.6 percent as of Jan. 1, 2016, compared to a year earlier. The assessed values reflect last year’s real estate trends and don’t factor in the intense housing market of 2016.

The Assessor’s Office will use the information to calculate property taxes due in 2017. The office mailed assessment notices on June 24. People have 60 days to appeal values to the Board of Equalization.

Property-tax statements will be mailed next year, after local governments have passed their yearly budgets and after voters have a chance to decide property-tax measures on the Nov. 8 ballot.

Noah Haglund: 425-339-3465; Twitter: @NWhaglund.

Talk to us

More in Local News

Twin sisters Lyndsay Lamb (left) and Leslie Davis (right), co-hosts of HGTV's Unsellable Houses. (Photo provided)
Meet and greet HGTV’s ‘Unsellable Houses’ twin sister stars in Snohomish on Friday

Lyndsay Lamb and Leslie Davis have made Lamb & Co. a #twinwin home-selling, home-goods brand.

Funko mascots Freddy Funko roll past on a conveyor belt in the Pop! Factory of the company's new flagship store on Aug. 18, 2017.  (Dan Bates / The Herald)
Lawsuit: Funko misled investors about Arizona move

A shareholder claims Funko’s decision to relocate its distribution center from Everett to Arizona was “disastrous.”

Members of South County Fire practice onboarding and offboarding a hovering Huey helicopter during an interagency disaster response training exercise at Arlington Municipal Airport on Tuesday, June 6, 2023, in Arlington, Washington. The crews learned about and practiced safe entry and exit protocols with crew from Snohomish County Volunteer Search and Rescue before begin given a chance to do a live training. (Ryan Berry / The Herald)
Snohomish, King counties train together for region’s next disaster

Dozens of agencies worked with aviators Tuesday to coordinate a response to a simulated earthquake or tsunami.

Police stand along Linden Street next to orange cones marking pullet casings in a crime scene of a police involved shooting on Friday, May 19, 2023 in Everett, Washington. (Olivia Vanni / The Herald)
Lake Stevens man identified in Everett manhunt, deadly police shooting

Travis Hammons, 34, was killed by officers following a search for an armed wanted man in a north Everett neighborhood.

Ciscoe Morris, a longtime horticulturist and gardening expert, will speak at Sorticulture. (Photo provided by Sorticulture)
Get your Sorticulture on: Garden festival returns to downtown Everett

It’s a chance to shop, dance, get gardening tips, throw an axe and look through a big kaleidoscope. Admission is free.

1 stabbed at apartment in Lynnwood

The man, 26, was taken to an Everett hospital with “serious injuries.”

A firefighting helicopter carries a bucket of water from a nearby river to the Bolt Creek Fire on Saturday, Sep. 10, 2022, on U.S. Highway 2 near Index, Washington. (Ryan Berry / The Herald)
Red flag fire warning issued west of Cascades

There are “critical fire weather” conditions due to humidity and wind in the Cascades, according to the National Weather Service.

A house fire damaged two homes around 1:30 a.m. Tuesday, June 6, 2023 in Marysville, Washington. (Photo provided by Marysville Fire District)
Fire burns 2 homes in Marysville, killing 2 dogs

Firefighters responded to a report of a fire north of Lakewood Crossing early Tuesday, finding two houses engulfed in flames.

Snohomish County vital statistics

Marriage licenses, dissolutions and deaths.

Most Read