Washington Tax Appeals Board Lowers Waterfront Property Valuation After Finding County Overvaluation

The Washington Board of Tax Appeals (BTA) set aside the determination of the King County Board of Equalization and ordered a lower value for the taxpayers ‘property. The dispute involved the Jan. 1, 2022, true and fair market value of the improved waterfront property owned by the taxpayers, who appealed the King County Assessor’s valuation after the County Board sustained the original assessment. The property is a 4,090 square foot, grade-11 quality house built in 2006 with a 5,142 square foot lot and 60 feet of low-bank frontage on Lake Sammamish, but it has a water drainage nuisance with a ...