What is the property tax information for king county, washington?
King County is home to 1.9 million residents and encompasses 2,134 square miles. Over 660,000 residential and commercial parcels are assessed annually in King County at a value of $3.4 billion in 2010, according to the county’s website.Residential Tax AssessmentsIn King County, residential property is assessed annually to determine its market value, which is defined as the amount a willing buyer would pay a willing seller.Official Property Value NoticeOnce the property is assessed, an official notice is sent reflecting the current and past year’s values.Determining a Tax RateThe total amount of money needed by a tax district is divided by the total value of all properties. The assessed value is then multiplied by a combined tax rate to determine the amount of tax to be paid.Public RecordsTax assessed values and annual taxes paid for properties in King County are accessible by any member of the public by searching the county’s tax records.Where the Money GoesKing County receives approxi
