News Flash

Assessor-Treasurer

Posted on: July 9, 2015

Your 2015 Property Values

In general, residential property in Pierce County has gone up an average of 6.6% in the past year, and commercial property has increased 2.25%. This marks the third year of recovery from the sharp drop in property values during 2009 to 2012.

The average home value in Pierce County increased from $217,964 last year to $232,497 this year. Values increased at varying rates depending upon location. For example, residential values in Buckley rose 11.3% while those in DuPont went up only an average of 1.4%. These figures are the result of actual sales of similar properties taking place during 2014, and the annual physical inspection of one-sixth of all properties in the County by our team of appraisers.

If you do not agree that we have placed a true and fair value on your property, you have the right to appeal. On this website, you can see the information we have about your property by clicking on “Property Tax & Value” above, then entering your parcel number or address. If you wish to appeal the value, click on “Appeals” in the menu to the left, for the steps to follow. Appeals must be filed with the Board of Equalization no later than September 4, 2015.

Your property value determines your fair share of taxes to be billed in February of 2016 for many local government services. Your actual tax next year will depend largely on voted taxes in the school, fire and park districts, etc. where your property is located. Therefore, an increase in value does not mean a corresponding increase in your tax bill—it is just one of the factors. If you want to learn more about property values and taxes, click on various topics in the menu to the left of your screen.

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