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To: Steve Lokness who wrote (93919)2/7/2009 1:06:08 PM
From: JBTFD  Respond to of 116555
 
Personally I would think the best one could hope for is long periods of flat taxation.

Unless people get so strapped they start voting against the local school levies.



To: Steve Lokness who wrote (93919)2/8/2009 9:30:05 PM
From: benwood  Respond to of 116555
 
Steve, in King County, if all house values fall the same, all taxes rise the same; if all house values rise the same, all taxes rise the same.

That is, you pay your "share" of the country tax assessment. So it's only if your 'hood goes up faster than average (or down less than average) that your taxes go *up faster* than average. If you are in a terrible part of town and the average values of homes around you go up less than average, or go down faster than average, then and only then would you have a chance of seeing your property taxes go down.

In other words, we did not pay more (on the whole) because of the property bubble; nor will we pay less because of the bubble's deflation.

My taxes next year will likely go up 6-8% due to the maximum raise of 3% (?) plus the voter-passed tax measures that are added atop that.