According to this article in the Seattle PI, King County Tax Assessor Scott Noble is warning of possibly the largest property tax increase in Washington State's history.
"This change ... will produce the biggest property tax increase onto residential property owners in the history of the state of Washington," Noble said in an e-mailed warning last week to Finance Committee chairmen.
In King County alone, the change would shift as much as $200 million of taxes onto residential property owners, he said.
"In our budget-based property tax system, reductions of valuations will produce tax shifts onto other taxpayers, and my experience with advocates from our large commercial taxpayers suggests a large increase of appeals and lawsuits from these property owners who have sizable resources," Noble said in the e-mail.
Concerned? You may want to contact your state representatives to express your concern, if any, of having your property taxes increased for the benefit of commercial business.
