SPOKANE COUNTY, Wash. – Spokane County Assessor, Tom Konis announced this week that his office has launched a new tool that will provide taxpayers with an estimate of how
much regional real estate values will impact property taxes.
This tool will give an estimate of the ad valorem, which is the tax that is based on only the assessed value of a property, for a parcel’s next year taxes based on the most current
value. The estimate is based on the highest lawful limit a taxing district can change their budget.
A link to the estimator tool can be located on Spokane County’s Assessor webpage, or directly at: https://www.spokanecounty.org/propertytaxestimate. By entering your address or
parcel number you will be taken to the estimate of the next years ad valorem taxes.
There are several proposed levies on the August and November ballots. The Spokane County Assessor’s Office will update the information when the outcome of these elections are
complete. Most districts are limited to a 1% increase in their budget without a vote of the people.
Assessed values and tax increases do not move at the same rate. The current statistics show the overall average assessed value in the County increased about 30% and the
anticipated tax increase in taxes collected is around 10%.
Assessor Konis stated, “I am very pleased to present this to the taxpayers of Spokane County. To my knowledge, Spokane County is the only county in Washington to make this
information available to the public. My staff members and the crew from Spokane Counties IT department put in many hours in developing this estimator. My hope is that the citizens
of Spokane County can use this estimate to budget for any increase in their next year’s property taxes long before the actual tax bills are sent in early 2023.”
Original source can be found here.
