Property Tax Alert: Washington

October 2008

Addition of New Value to Assessment Rolls Discussed

A property tax special notice issued explains the addition of value to the assessment rolls for infrastructure improvements to a new subdivision. The value of improvements to property, multiplied by the levy rate of the taxing district for the preceding year, may be added to a taxing district's levy amount outside the 101% levy limit. Other values, such as new construction value, increases in the assessed value of state-assessed property, and increases in assessed value due to construction of electric generation wind turbine facilities classified as personal property, multiplied by the levy rate of the taxing district for the preceding year, may also be added to a taxing district's levy amount outside the 101% limit.

Please contact Rash & Associates for more information.