Stock photo

Stock photo

Median property values up 7.8% in southeast Kent

Lake Youngs area increases 2.5%

Median property values are up 7.8% in the southeast Kent/east Auburn areas and up 2.5% in Lake Youngs, according to the King County Assessor’s Office.

The Assessor’s Office has begun the annual process of mailing re-valuation notices to taxpayers. Notices will be arriving soon in the SE Kent/east Auburn and Lake Youngs areas, according to a July 28 news release from the Assessor’s Office.

“While home values did not rise significantly countywide, some areas, such as Auburn and Kent are seeing a lot of demand and therefore increases in median value, as more and more buyers are being priced out of Seattle and the eastside,” King County Assessor John Wilson said.

Data indicates that home sale prices and overall home values have been relatively flat in the aggregate compared to last year. As always, values vary from city to city and neighborhood to neighborhood – some are up, and some are down. One significant factor in residential home values in King County is the increase in values in suburbs around Seattle, especially in the south end.

The assessor has been monitoring the economic impacts of the COVID-19 pandemic. While housing values have remained relatively steady so far, some commercial sectors have had their values severely impacted. These changes in value will be reflected in the 2021 assessed value for taxes payable in 2022.

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.


Talk to us

Please share your story tips by emailing editor@kentreporter.com.

To share your opinion for publication, submit a letter through our website https://www.kentreporter.com/submit-letter/. Include your name, address and daytime phone number. (We’ll only publish your name and hometown.) Please keep letters to 300 words or less.

More in News

The developer of the Ethos Community Apartments along West Meeker Street will receive about a $3.1 million property tax break from the city of Kent over an eight-year period. FILE PHOTO, Kent Reporter
Ethos apartment developer in Kent to get $3.1 million property tax break

City Council approves exemption as follow up to land sale agreement

Satwinder Kaur. COURTESY PHOTO
Kent City Councilmember Kaur awarded with Advanced Certificate of Municipal Leadership

Program recognizes elected officials for accomplishing training in four core areas

t
Puget Sound Fire call report

Type, number of incidents

Stock image of bullets./Pexels.
Police chief: Crime in Kent has increased during pandemic

Shootings up 53% so far in 2020 compared to last year

Stock photo
Kent School District plans virtual meetings about boundary study

The Kent School District will hold three virtual meetings to present findings… Continue reading

Nica Sy speaks at the ForFortyTwo rally Aug. 17 outside of Kent City Hall and the Kent Police Department. FILE PHOTO, Kent Reporter
Kent group says City Council ignored demands to defund police

ForFortyTwo plans to continue fight for city to invest in Black-led and youth-led organizations

t
Three Kent Police officers remain on leave after fatal shooting

One officer has 10 years experience, one has six years and another one joined force in 2019

A Black Lives Matter protest march through Kent in June. FILE PHOTO, Kent Reporter
Kent’s Entenman part of state leadership team to propose policing changes

House Democrats say racial equity and justice system reforms needed

Most Read