Washington Tax Board Overturns King County Property Valuation Decision

The Washington Board of Tax Appeals (BTA) overturned the determination of the King County Board of Equalization regarding the true and fair market value of a residential property in Seattle. The dispute involved the taxpayers who argued for a lower valuation of the subject property, while the King County Assessor contended for a higher valuation. The property is a 1957-built, single-family dwelling with 1,920 square feet of above-grade living area, a 1,260-square-foot finished basement, and an 11,153-square-foot lot with Ship Canal waterfront and territorial views. The Board found that the closest comparable sale was the Assessor’s Sale No. 2, and ...