Sales that occur in 2021 will be used to set the January 1st, 2022 assessments which will be used to calculate taxes due in 2023. Washington State law requires assessors to assess property according to the property tax calendar. This law applies whether the real estate market is increasing or decreasing. The following calendar of events helps explain this lag:
New assessment notices will be mailed in June & Sept. 2022 after revaluation & new construction are complete.
After notices are mailed, property owners have 60 days to appeal their value with the Board of Equalization.
Taxing districts receive their certified assessed values in October or November and set their budgets in November 2022 for taxes due in 2023. They may or may not also ask voters to approve ballot measures in 2022 that will affect taxes due in 2023.
Levies are calculated in January 2023 using the January 1st 2022 certified assessed values for revaluation and the July 31st, 2022 certified values for new construction. Tax statements will be mailed by the Treasurer in February 2023 for taxes due in April and October 2023.