Washington BTA Reduces Valuation of Commercial Property on Appeal

The Washington Board of Tax Appeals (BTA) issued a decision regarding a property tax appeal for a commercial property located in Burien, Washington. The dispute centered around the January 2021 true and fair market value of the property, which the King County Assessor had valued higher than the property owner contended. The BTA found that the Assessor erred by selecting sales and rent comparables significantly superior to the subject property, and that the owner’s income approach and two sale comparables provided clear evidence for the owner’s lower contended value of $165 per square foot. [WLL, LLC v. Wilson, Wash. B.T.A., ...