When did the Assessors office change to an annual reval?
The change to an annual reval began with the 2004 assessment for taxes payable in 2005. All property will be appraised annually and updated to reflect the current market value. This will result in smaller increases in assessed value than Snohomish County property owners have experienced in the past with the 4-year reval cycle. It will also allow us to adjust property values downward if there is a change in the market, instead of the value being “fixed” for a 4-year period.
