Washington Board of Tax Appeals Reinstates Assessor’s Residential Valuation

The Washington State Board of Tax Appeals (BTA) set aside the determination of the Snohomish County Board of Equalization and ordered the reinstatement of the Snohomish County Assessor’s original valuation for taxpayers’ residential property. The dispute centered around the true and fair market value of the property, which the Assessor had valued higher than the value determined by the County Board. The Assessor presented evidence of comparable sales, adjustments for time and property characteristics, and an analysis of market trends to support her valuation. While the taxpayers submitted an appraisal with a lower value opinion, the Board found their evidence ...