|| July 3, 2013
|| Jim Avery, Kitsap County Assessor
|| 360.337.7085 or
Change-of-Value notices mailed to property owners
(Port Orchard) – Change-of-Value notices will be
mailed to about 40,000 Kitsap County residential property owners on July
5th. These notices are only sent to property owners with changing
assessed values. This is less than half the number sent last year, which
appears to be a sign that the six-year downward trend in home prices has
Most owners receiving a notice will see a slight reduction in their
January 1, 2013 assessed value when compared to the January 1, 2012
assessed value. A few neighborhoods, where sale prices have been
slightly above the assessed values, will see slight increases to
assessed value. All new values, including those not changed, are posted
on the “Parcel Search” feature at the assessor’s homepage at
www.kitsapgov.com/assr. Click on “assessor data” and “value history”.
Sales from January 1, 2012 to March 31, 2013 were analyzed in
determining the January 1, 2013 assessed value. Sales used in the
analysis are shown by neighborhood on the assessor’s webpage.
Property owners in the South Kitsap Urban Growth Area and the upper
north end (Suquamish, Indianola, Kingston, Hansville, etc.) of the
county may see more variation in their changes. These properties
received their required six-year physical inspection prior to the
setting of this year’s value. Any property characteristic changes noted
in that inspection are reflected in the new value. New land rates for
these areas were also established based on sales of vacant land in the
last several years.
Reduced land rates in some cases required offsetting increases to the
improvement (building) values in order for the total assessed value to
reflect market value.
Commercial property owners can expect to receive their change of value
notices, if necessary, in August. Those disagreeing with the January 1,
2013 estimate of market value will have sixty days to appeal to the
County Board of Equalization. Potential appellants should first contact
the assessor’s office at 360.337.7160 to review property characteristics
and receive property specific valuation information. Information on
property tax relief programs is also available.