Property values are up in King County

Real Estate

Property values are up 5.6% in the Fairwood area, 3% in Kentridge and 1.8% in Benson Hill/Panther Lake, according to the King County Assessor’s Office.

The assessor’s office has begun the annual process of mailing out revaluation notices to taxpayers. Notices will be arriving in Kentridge, Benson Hill/Panther Lake and Fairwood soon. Some of the properties are in Kent and others are in Renton.

Each year, county assessors appraise every commercial and residential parcel in the state. These values – set effective as of Jan. 1 by state law – are then applied to the next year’s tax bill. Property values are being set on Jan. 1, 2020, for taxes due in 2021.

Find more information here: https://www.kentreporter.com/news/property-values-up-in-kentridge-fairwood-panther-lake-areas/