State property tax report shows 2.3 percent increase in 2013

The Washington State Department of Revenue has released its annual report on property taxes and levies assessed by all taxing districts in the state. Among the highlights:

State property tax report shows 2.3 percent increase in 2013

 

  • Property tax levies due in 2013 increased 2.3 percent to $9.5 billion.
  • The $210 million increase included $33 million in property tax revenues stemming from new construction added to the tax rolls in 2012.
  • The average assessed single-family home property value in Clark County is $186,664.
  • The average assessed single-family home property value in Cowlitz County is $126,751.

Property taxes are based on the value of property as of January 1 of each year. Property taxes assessed in 2013 will be collected in 2014.

To view the full report, visit the Property Tax Statistics page on the Department of Revenue’s website.

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