Sound Politics Public Blog: Kiss your wallet goodbye

February 04, 2008

Kiss your wallet goodbye - it's Property Tax time

41%. Forty one percent! Increase. 1.41 x last year's tax = this year's tax. Dollars, not assessed value.

That, folks, was the news I got today as I saw my 2008 Kitsap County Property Tax bill for the first time. Much of this was due to local levies, but the State General Fund portion alone was 37% higher. So much for I-747 and other tax-limiting devices.

71%. Seventy one percent! Increase. 1.71 x 2006 tax = this year's tax. Dollars, not assessed value.

Can someone please remind me why Democrats hate Tim Eyman?

Posted by Seabecker at February 04, 2008 09:43 PM | Email This

Comments

1. whoa---that's bad! Eyman needs to run a dramatic prop tax cut initiative. Did you get dinged on the "banked capacity" increase?

Posted by: Michele on February 4, 2008 10:45 PM

2. They hate Tim Eyman because that's what all their knee-jerk friends tell them to do. They have no independent thought, only beliefs programmed by op-ed pieces. Thank you for the nice little presentation--it would be lost on most democrats!

Posted by: Mike on February 4, 2008 10:48 PM

3. They hate Eyman because they probably don't own any property...

Posted by: Cydney on February 5, 2008 01:25 AM

4. Seabecker, my county updates their property values yearly; whereas before, they were every four years.

My assessed value only rose slightly from last year, so if I get a major increase, I'll be screaming since the levy rates are supposed to be about the same.

Posted by: swatter on February 5, 2008 07:35 AM

5. My property valuation went up 15.5% 2008 over 2007.

Haven't received notice yet on the taxes.

Gee, can't wait....

Posted by: SouthernRoots on February 5, 2008 09:42 AM

6. You can generally look at your tax bill online a few weeks before you get your statement in the mail. Go to your county's web site. King County numbers will be available on 2/15.

Posted by: Seabecker on February 5, 2008 10:08 AM

7. Keep voting Gregoire and her band of thieves in and this is what you get.

She was patting herself on the back with her 1% cap she got passed her legislature. Unfortunately, she intentionally left the banked capacity in place and they took it to the cleaners on everyone this year.

Stay tune, if they get 4 more years they will throw that banked capacity back in and you'll be out of your homes.

It's all for the children you know!

Posted by: GS on February 5, 2008 06:24 PM

8. Wow, I just checked my valuation. I'm the lucky recipient of a 22.5% valuation increase this year. The single largest jump in the history of this property. Strange that zillow says the property has declined in value ~5000 per month the last 5 months. (I don't fully trust the zillow model but the downward trend in Enumclaw is easy to see.)

I can't wait for the 15th either. I wonder if this will spark enough outrage that maybe the legislature will finally address property tax relief instead of just telling us they will. I won't hold my breath...

Posted by: MSRedneck on February 6, 2008 09:29 AM

9. The only tax relief you will see from this legislature is if they and the governess are firmly oustered, otherwise the sky will be their limit next year. Besides attacking our Initiative process with a massive blow in this election year, they are already making massive plans for tax increases throughout the land once the election is over.

Can you even imagine what they will do in a year that their re-election is not on their minds?

That's all planned for next yer, the biggest rip off of the century.

Posted by: GS on February 6, 2008 04:33 PM

10. So far this session, they have proposed - in just 24 bills - over $115 Billion in new taxes and fees.

Gee, can't wait to see what they propose when they aren't afraid of an election year.

As fas I can tell, my valuation went up 15.45% and my tax bill is going up 6.36% for 2008. Don't know which portion went up the most.

Posted by: SouthernRoots on February 7, 2008 12:03 PM

11. Interesting Seabecker, I live in Kitsap County too and my assessed value went up 15%, my taxes 3%.

As I scan about a dozen or so properties in Seabeck, waterfront and upland, I'm seeing the vast majority of landowners seeing their tax bills hold steady or decrease this year, even with raised assessed values.

What's different about you? Check the County's records of your neighbors - their statements are on line too. Maybe you should be protesting your higher value - looks like you may be the only one paying more in your neck of the woods.

You didn't build a house on your land recently did you?

Posted by: BA on February 10, 2008 09:50 PM