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Posted on: June 14, 2022

City Leadership Addresses Property Assessment Value Concerns

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In response to Snohomish County Assessor Linda Hjelle’s press release about the increase in 2023 property assessments, leadership from the City of Snohomish would like to address the concerns of and questions from city residents.

City Leadership Addresses Property Assessment Value Concerns

 

CONTACT:   Shari Ireton, Director of Community Engagement & Strategic Initiatives, ireton@snohomishwa.gov, 425-512-1839

 

FOR IMMEDIATE RELEASE: June 14, 2022

Snohomish, Wash. – In response to Snohomish County Assessor Linda Hjelle’s press release about the increase in 2023 property assessments (2022 Assessed Values Notices in the Mail), leadership from the City of Snohomish would like to address the concerns of and questions from city residents.

“While property values have skyrocketed this past year, we want to assure residents of Snohomish that they will not see a comparable increase in their 2023 property taxes,” said City Administrator Heather Thomas. “Rising property values do not necessarily increase local taxes. In Snohomish County, all taxing districts’ budgets, including the City of Snohomish, are limited by how much their budgets can increase yearly.”

Hjelle reported that there was an average increase of 28% in property value assessments across the county, with the property values for the Snohomish School District increasing by 33.89%. Washington’s State Constitution limits the regular (not including port districts and public utility districts) combined property tax rate to 1% (e.g. $10 per $1,000) of assessed valuation. 

Information on how much residents will pay in property taxes won’t be available until budgets are adopted at the end of the year. Residents can learn more about 2023 property taxes at City Council meetings in late October and early November. Agendas for those meetings will be posted here: https://www.snohomishwa.gov/AgendaCenter 

Additional details about tax rates, distributions, and how property taxes are determined in Snohomish County can be found in the Assessor’s 2022 Annual Report

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