Images of Kitsap County
Public Communications (MS-11)
614 Division Street, Port Orchard, WA
Phone: 360.337.4598
 
FOR IMMEDIATE RELEASE
Date: July 3, 2013
Contact: Jim Avery, Kitsap County Assessor
  360.337.7085 or javery@kitsap1.com
No: 13-065

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 bottomed out.

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.

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To contact the Public Information Officer, 
call Doug Bear at 360-337-4598 or email: dbear@co.kitsap.wa.us

Last Updated:  May 27, 2014