{"id":3302,"date":"2010-09-21T04:36:52","date_gmt":"2010-09-21T11:36:52","guid":{"rendered":"http:\/\/www.krunk4ever.com\/blog\/?p=3302"},"modified":"2010-09-21T04:37:05","modified_gmt":"2010-09-21T11:37:05","slug":"higher-property-tax","status":"publish","type":"post","link":"https:\/\/www.krunk4ever.com\/blog\/2010\/09\/21\/higher-property-tax\/","title":{"rendered":"Higher Property Tax?!?"},"content":{"rendered":"

\"giant<\/a>So awhile back I got the little card that told me what my new property tax was for the year 2010. I was surprised it went up, but I figured there must’ve been some re-assessment and my property value went up or something. I didn’t think too much of it initially. Now that I’m looking into refinancing again, I was asked what my property tax was. Looking up the information on the King County’s website, I noticed my 2010 property value assessment actually went down, but my 2010 property tax went up.<\/p>\n

The assessment of my property value actually dropped ~2.5%, but my property tax increased by 17%. What gives? Did King County or Bellevue just suddenly decide to levy a whole bunch of new taxes I wasn’t aware of? There was that school strike earlier. Hmmmm.<\/p>\n

After asking a couple friends and searching online, I found this article: Why property taxes go up \u2013 and sometimes down<\/a>. The following passage explains my situation:<\/p>\n

Depending upon where you live, about half of your property tax is determined by voter approved levies for services such as schools, parks, water districts, EMS and fire\/rescue. If these levies stay the same or increase from the year before, your property taxes may increase. Similarly, if other valuations decrease more than yours, your taxes may also increase.<\/strong><\/p>\n

It\u2019s a bit like an old fashioned scale \u2013 if values go down, levy rates go up. If values go up, rates drop<\/strong>.<\/p><\/blockquote>\n

So because my property value didn’t drop as much as the average property value in Bellevue or King County, that means I have to pay a higher property tax this year so that the city or county will be able to get the same amount of money they’ve already levied.<\/p>\n","protected":false},"excerpt":{"rendered":"

So awhile back I got the little card that told me what my new property tax was for the year 2010. I was surprised it went up, but I figured there must’ve been some re-assessment and my property value went up or something. I didn’t think too much of it initially. Now that I’m looking … <\/p>\n

Continue reading “Higher Property Tax?!?”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[13],"tags":[1320],"_links":{"self":[{"href":"https:\/\/www.krunk4ever.com\/blog\/wp-json\/wp\/v2\/posts\/3302"}],"collection":[{"href":"https:\/\/www.krunk4ever.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.krunk4ever.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.krunk4ever.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.krunk4ever.com\/blog\/wp-json\/wp\/v2\/comments?post=3302"}],"version-history":[{"count":0,"href":"https:\/\/www.krunk4ever.com\/blog\/wp-json\/wp\/v2\/posts\/3302\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.krunk4ever.com\/blog\/wp-json\/wp\/v2\/media?parent=3302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.krunk4ever.com\/blog\/wp-json\/wp\/v2\/categories?post=3302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.krunk4ever.com\/blog\/wp-json\/wp\/v2\/tags?post=3302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}