The property taxes you pay are the main source of revenue for local governments. A tax assessments determines the value of your property. It's that time of year again.
Yes, Tax Day, though not a National Holiday, is a date that certainly looms on the calendar every year whether we like it or not. The old saying about there being only two certainties: death and taxes - I guess given the choice, the latter is perhaps preferable.
A recent study of the tax systems in all 50 states found that Washington ranks dead last for the tax burden that is levied on the poor and nearly last for the middle class.
Some property owners in the valley are surprised to see their assessed values have increased by $20,000 to $30,000 increasing the cost of property taxes and ultimately the tax bill.