What is market value?
It is the amount of money that a willing and unobligated buyer is willing to pay a willing unobligated seller. In other words, it is the price most people would pay for your property in its present condition.

Show All Answers

1. What laws affect how the assessor appraises my property?
2. What is market value?
3. Can I appeal my new assessed value?
4. Why do we have property taxes?
5. If assessed value increases, do taxes have to increase?
6. If assessed value decrease, do taxes have to decrease?
7. Is it possible to make a "ballpark estimate" of how much the taxes will be on a piece of property that I am thinking about buying, or a structure that I might build?
8. How does Washington State rank in terms of property tax collected per household when compared to other states?
9. What are tax code areas and taxing districts levy limits?
10. What is a taxing district?
11. How do I contact a city, fire district, school district or other taxing district?
12. How can I determine city and subdivision boundaries?
13. When will the assessor update assessments?