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Dear King County Taxpayer, Homeowners will see a reduction in assessed value: In the recent declining market, this approach was not an option. Instead, sales occurring prior to January 2009 were adjusted downward for use in the analysis process. An additional downward adjustment was warranted to account for lack of sales and the influence of distressed sales on the housing market. Most homeowners will see a significant reduction in the assessed value of their home. We invite you to compare the notice you receive to the current market value of your property. By utilizing our eSales Search System you can compare your valuation to recent market sales in your neighborhood and to properties sharing similar characteristics. Information regarding exemptions and appeals can be found on this website and the value notice. We hope this information is useful to you and we invite you to contact us with any additional questions. Thank you, Rich Medved Acting Assessor
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