Assessments sent Friday show Snohomish County properties continue to rise in value, on average 8.6%
EVERETT — For yet another year, the housing market has driven up assessed values in Snohomish County, hitting some of the most affordable properties the hardest.
Owners of single-family homes valued at $350,000 or less are likely to see the greatest percentage increase in assessed values, which are used to calculate next year’s taxes.
Yearly assessment notices were mailed out by the county assessor on Friday.
“Concerns are for affordable housing,” Assessor Linda Hjelle said. “People are looking for a place to live that is reasonable and as the demand increases and there is a limitation in buildable lands, the affordable housing piece of it becomes complicated.”
The market did settle down this year, but it’s still putting pressure on reasonably priced places to live, Hjelle said.
Property value in the county increased by 8.6% across all categories, including an increase of 8.8% on residential properties and 8.2% for commercial properties.
Residential values countywide saw the lowest increase since 2015, more than 3% less than the 11.9% and 12.2% increases of the 2017 and 2018 assessment years.
https://www.heraldnet.com/news/assessed-values-of-affordable-homes-here-continue-to-rise/?utm_source=DAILY+HERALD&utm_campaign=786633eb7d-RSS_EMAIL_CAMPAIGN&utm_medium=email&utm_term=0_d81d073bb4-786633eb7d-228635337
= new reply since forum marked as read
