King County Assessor`s Office - Morgan Community Association

King County Assessor’s Office
Morgan Community Association
Department of Assessments
Mission of the
Assessor’s Office
Lloyd Hara
King County Assessor
• Deliver Excellent
Customer Service
• Maximize Accountability
to the Public
• Ensure Fair, Equitable,
and Uniform Property
Valuations
Department of Assessments
What we do each year
• Real Property – 700,000 + Parcels
*2014 is next Physical Inspection for West Seattle (Area 16)
•
•
•
•
Personal Property – 52,000 + Accounts
163 Taxing Districts
594 Tax Levy Codes
Valuations are set on Jan 1st
Department of Assessments
2014 Property Tax from Treasury
comes out on Feb 14th based on
2013 Valuation Notice
Assessor’s Office calculates the levy
rates for the budgets of taxing districts
2013 Valuation Notice from
Assessor goes out between
June thru Oct
Assessor analyze market
sales from before Jan 1st,
2013
New Construction
Cutoff Date - July 31st
Property Valuations and Taxes
Your Local Taxing Districts
Examples: City, King County, School, Port, Fire, Hospital, and etc
King County Assessor’s Office
Assesses 700,000 + residential and commercial properties,
along with personal property used in business. Sets levy rate for
local jurisdictions and oversees property exemption programs
Property Valuations and Taxes
King County Treasury Office
Billing and collection of real and personal property taxes,
gambling taxes, and local improvement district
assessments
King County Tax Advisor
Provides King County taxpayers advice and assistance
on property value related matters including appeals. The
Tax Advisor Office is independent of the Assessor’s Office
Property Valuations and Taxes
King County Board of Equalization
Independent body organized to adjudicate appeals of
various determinations made by certain King County
agencies.
Seven citizen members appointed by the King County
Executive and confirmed by the King County Council.
60 Days from postmark date on valuation to file an appeal
A Common Question
“My Property Value has decreased,
so why did my Property Taxes
Increase?”
A Common Question
WA is one of the few states that has a revenuebased system of taxation
Taxing districts, such as fire, library and school
districts, submit their annual adopted budgets to the
Assessor who has the responsibility to determine
the “levy rate” that is necessary to meet the
adopted budgets.
Revenue Based System
2013 – Seattle School District taxed you $100
Next year (2014) – Seattle School District can
only tax you 1% more = $101
UNLESS
Budgets are limited to a 1% growth unless a
bond or levy is voter-approved by the local
community or new construction
2013 Property Taxes in King County
*SWM, Noxious Weeds, King
Conservation and others are fees, not a
tax
Property Tax Exemption
Annual Household income of $35,000 or less
• Disabled King County residents income of
$35,000 or less can qualify regardless of
age
• 61 years of age by December 31 of the
previous year
• Veteran with a service-connected disability
Property Tax Exemption
Program Overview
• Value of your residence is frozen as of January
1 of the initial application year for property tax
purposes,
• Exempt from all excess and special levies.
• Refunds for prior years, up to 3 years and must
meet qualifications for each tax year.
• Grant Program – It is not a loan that you have
to repay
eAppeals www.kingcounty.gov/eappeals
eAppeals
www.kingcounty.gov/assessor
eReal Property
eReal Property
West Seattle Area 16 (- 3.1%)
2011 Value based on
sales before 1/1/11
Median Assessed Value:
$447,500.00
2012 Value based on
sales before 1/1/12
Median Assessed Value:
$433,600.00
West Seattle Area 16
Seattle Valuations: - 3.1%
2011 Value based on sales before 1/1/11
Median Assessed Value:
$359,000.00
2012 Value based on sales before 1/1/12
Median Assessed Value:
$348,000.00
Seattle 2013 Taxes: + 0.2%
2012 Tax Rate $10.17 per $1,000 of AV
Average Taxes: $3,651.03
2013 Tax Rate $10.51 per $1,000 of AV
Average Taxes: $3,657.48
Seattle District Levies
School District 001 M & O (voted)
School 001 Const Levy (voted)
School 001 Bond Levy (voted)
City General Fund
City GO Bonds (voted)
City Lid Lifts (voted)
Low-Income Housing
Families/Education
Pike Place Market
Fire Facilities
Transportation
Parks/Open Space
Library Srvs
TOTAL
1.31469
0.38587
0.70028
1.96872
0.14701
1.36405
0.38492
0.69855
1.90163
0.13782
0.04936
(0.00095)
(0.00173)
(0.06709)
(0.00919)
0.17735
0.27484
0.10702
0.06421
0.32980
0.20763
0.00000
0.17705
0.27712
0.10684
0.00000
0.33253
0.20727
0.14530
(0.00030)
0.00228
(0.00018)
(0.06421)
0.00273
(0.00036)
0.14530
10.16566
10.50991
0.34425
Signs of Recovery
Ravenna and University District: 8 percent
increase
Skyway: - 2 percent decrease
White Center: +4.9 percent increase
Sherwood/Bel-Red: +15 percent increase
Contact us with questions
DEPARTMENT
PHONE NUMBER
Assessor’s Office
206-296-7300
Tax Advisor
206-205-6330
Treasury Office
206-296-0923
Board of Equalization
206-296-3496