Washington Appeals Board Sets Aside County Board’s Assisted Living Facility Property Tax Valuation

The Washington Board of Tax Appeals (BTA) set aside the County Board of Equalization’s (County Board) property tax valuation of an assisted living facility. The County Board sustained the assessor’s valuation. The taxpayer appealed to the BTA seeking a reduced value, while the assessor asked the BTA to sustain the assessed value. The BTA found that the taxpayer’s contended value was supported by the income approach in an appraisal and by the cost approach. The BTA also found that the assessor did not provide a cost approach or raise specific objections to any part of the taxpayer’s cost approach or ...