Property values rise by nearly $1 billion in Chelan County

Real Estate Agent with The Davidson Team - Premier One Properties

An interesting article from today's Wenatchee World. Helpful or spun stats?

Property values rise by nearly $1 billion in Chelan County

By Michelle McNiel

World staff writer
Posted March 20, 2008

"WENATCHEE - The combined value of all real property in Chelan County jumped by nearly $1 billion last year, fueled largely by one of the hottest home real estate markets in the country.

The increase was the largest percentage jump in values in a single year since 1974, when the county began assessing property at 100 percent of its value rather than 50 percent for the purpose of collecting more taxes.

"Property values have gone through the roof," said county Assessor Russ Griffith, now in his 18th year at the post."

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Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager
Blaine & Erin,  Isn't it crazy?   Suppose they'll be able to lower our tax rate now?  I suppose not.    The combination of the building boom, huge appreciation on homes in general PLUS the insane increase in waterfront (river and lake) property all contributed to that billion dollar number.
Mar 23, 2008 04:37 PM #1
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