Should You Appeal Your Spokane County Tax Assessed Home Value?

By
Real Estate Agent with Exit Real Estate

Should You Appeal Your Spokane County Tax Assessed Home Value?

In many of our recent home sales, we find that the current tax-assessed value is significantly higher than the current fair market value. (What a surprise!) With declining market values, it is not uncommon for assessed values to be $40,000 or more higher than today's actual market value.

If you believe this is true in your case, you may want to file a request with the Board of Equalization to have your property value reviewed. If your appeal is approved you will most likely save several hundred dollars on your annual tax bill. The process can take a little time but is not difficult.

You'll need to make your case by providing recent comparable sales data in your neighborhood. This is something that we can provide for you at any time. If you have purchased your home recently, you may also use the appraisal that was ordered by your lender at the time of purchase to support your case.

Tax exemptions are also available for seniors or disabled homeowners. Your local Board of Equalization is the place to start, and here are some helpful links for Spokane County:

Spokane County Board of Equalization

BOE Forms to Request a Valuation Review

How taxes are calculated in Spokane County

Appealing your Property Assessment in Washington State

If you have questions, or if you are just curious about the current value of your home, give us a call!

Darla and LeRoy Pilant are real estate brokers in Spokane, WA. Connect with them at TheRealEstateAces.com or SpokaneHomesforHeroes.com

Comments (3)

Jack Tenold
Jack Tenold LLC - Spokane, WA
Specializing in Reverse Mortgages

Hi Darla - I'm impressed with your informative and sensible approach to blogging.  I have suggested to many of my senior clients especially that they attempt to get their property taxes reduced because it is value added and I would be negligent not mentioning the opportunity.  Best wishes for the new year.   Jack

Jan 06, 2012 06:33 AM
Darla Zimmerman-Pilant
Exit Real Estate - Spokane, WA

Thanks Jack! I have been a bad girl and not blogging much lately, but my goal is to post more frequently in 2012. 

Jan 10, 2012 12:34 PM
Valerie Baker
Exit Real Estate Professionals - Spokane, WA
Spokane Realtor

Great information! I am hoping to produce more technical posts this coming year . . .but I do so like to babble on about random subjects :)! 

Jan 13, 2012 05:11 PM